Tether: Suspects recent FUD is related to CoinDesk obtaining outdated reserve quarterly report from Tether

ChainCatcher news, Tether announced on its official blog that according to the terms of the 2021 settlement agreement, Tether is required to report its stablecoin reserves to the New York Attorney General's Office every quarter within two years. CoinDesk is seeking public disclosure of materials related to Tether's first quarterly report under the Freedom of Information Law, and on the morning of the 15th local time, the New York Attorney General's Office provided response documents to CoinDesk. Tether pointed out that the attacks on USDT through DeFi and CEX today coincidentally occurred on the same day the materials were handed over to CoinDesk.

In addition, the materials obtained by CoinDesk are outdated and do not accurately reflect its reserve status, while calling on CoinDesk to set aside bias and not leak its client information. Furthermore, Tether is monitoring the USDT market and looking for signs of manipulation attempting to create panic when CoinDesk decides to publish any information regarding this matter. (Source link)