By Linas Kmieliauskas
Bitcoin (BTC) trimmed its gains today, before rebounding again despite claims that executives behind the most popular stablecoin, tether (USDT), might face a criminal probe.
At 14:33 UTC, BTC trades at USD 38,473, rebounding from USD 37,889, reached after a report by Bloomberg said that a US probe into Tether is homing in on whether executives behind the digital token committed bank fraud. BTC is still up by 13% in a day.
BTC price today:
Federal prosecutors are scrutinizing whether Tether concealed from banks that transactions were linked to crypto, the report said, citing three undisclosed people with direct knowledge of the matter. A decision on whether to bring a case could be made soon, it added.
While the Justice Department (DoJ) declined to comment, Tether said that they routinely [have] open dialogue with law enforcement agencies, including the DoJ, as part of our commitment to cooperation and transparency.