The bank accounts will not be named due to privacy concerns, Hoegner notes, adding that the firm had access to banks statements and employees, as well as contact with Tether executives.
The cryptocurrency again fell under scrutiny from the crypto community in the wake of dissolving their connection with an auditor before the official audit was released.
However, in February, a study from Bitmex research showed that Tether could have enough cash reserves, possibly in a Puerto Rican bank, to match its token issuance.
At the end of May, Tether had minted another 250 million USDT, rekindling the issue of their dollar reserves.
In response to the claims of Bitcoin market price manipulation, Tether CEO J.L.

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