The Wall Street Journal: Tether once used forged documents and shell companies to open bank accounts

ChainCatcher news, according to The Wall Street Journal, stablecoin issuer Tether allegedly opened bank accounts using forged documents and "shadow intermediaries." The report states that Tether used bank accounts opened in the names of multiple company executives in 2018 and made slight adjustments to the names of these companies to access the global financial system.

Additionally, the "shadow bank" Crypto Capital Corp. held Tether funds before being shut down by authorities in 2018. Bitfinex and Tether "opened at least 9 new bank accounts for Asian shell companies" in October 2018. (source link)