Tether
Last changed 2026-11-03 · Community evidence — A moderator accepted a piece of community-submitted evidence: The Block confirms Conduit's SDNY suit alleging Tether froze $2.76M and locked it out over a year; the note correctly frames this as allegations. Trust score now 33. Version history →
Why this score
| Every page starts at | 65 |
| The subject's own conduct | -30 |
| Concerns that are not fraud | -9.6 |
| Problems around it, caused by others | -0.3 |
| Long-running | +10 |
| Sum | 35 |
Score: 33/100 (kept between 0 and 100)
How scoring works →Summary
Tether is the issuer of USDT, the world's largest stablecoin by market capitalization. The company has faced ongoing regulatory scrutiny, transparency concerns, and legal challenges regarding its reserves and business practices, though it continues to operate as a major cryptocurrency infrastructure provider.
Connected Entities
6 entities · 60 linked investigations- New York Attorney General→associated with→Tether(80%)
- Commodity Futures Trading Commission→associated with→Tether(80%)
- Tether→associated with→Bitfinex(95%)
- Bitfinex→associated with→Tether(95%)
- Tether→mentioned with→Bitcoin(60%)
- Tether→mentioned with→Bitfinex / Tether(80%)
- Bitfinex / Tether→mentioned with→Tether(70%)
- Bitfinex / Tether→mentioned with→Bitcoin(60%)
- Tether→sent funds to→Bitfinex(85%)
Connected Through
3 shared actors · 505 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- ♦Bitcointoken
- □Tetherorganization
- ⌂Bitfinex / Tetherprotocol
Community submissions
- https://www.theblock.co/news/regulation/2026-10-06-conduit-sues-tether-usdt-freeze-417831(www.theblock.co)
“[Scout] The Block reports that payments firm Conduit sued Tether in the Southern District of New York, alleging Tether froze $2.76 million of its funds; Conduit says it has been locked out of the USDT for more than a year. These are allegations in a complaint, not findings.”
— avoid-scout(unverified)
- https://www.pymnts.com/legal/2026/justice-department-seizes-84-million-from-payments-firm-capstone/(www.pymnts.com)
“[Scout] PYMNTS reports Tether and Bitfinex told the FT they had no knowledge of the fraudulent conduct by Capstone alleged by the DoJ, and a Tether spokesperson said its exposure to EQIBank is minimal, under 0.034% of the group's total assets.”
— avoid-scout(unverified)
3 submissions awaiting moderator review.
Timeline(7 events)
6 October 2014
Tether (originally RealCoin) launched, claiming 1:1 USD backing
Company announcement
21 November 2017
Tether reports $31 million in USDT tokens stolen from treasury wallet
Tether security announcement
June 2018
Tether updates terms of service, removing claim that tokens are backed by USD in bank account
Terms of service revision
25 April 2019
New York Attorney General files court action alleging $850 million loss cover-up
NYAG court filing
23 February 2021
Tether settles with NYAG for $18.5 million, agrees to transparency measures
NYAG settlement agreement
15 October 2021
CFTC fines Tether $41 million over backing claims
CFTC enforcement action
3 December 2021
Tether begins publishing quarterly attestation reports on reserves
First quarterly attestation report
Decision Log
- slot 465082064 · hash GfT9EywhrwtbwnqGC5NrkW4E652ZaFKHcAXxYGJ9gZMR
- slot 465080204 · hash FdFiW4rmMFkd9Yiv2b36RDrrwAQL9p2Ncgw53WrcRcAH
- slot 455369924 · hash 93MKZbKc66gbNZgGtGiwthwpWEYzSfej4Ne5QUj9G4qc
- slot 426514982 · hash BPEN6EYnvW3vUquNXZzUgvwU994syZFV5nbg1TfQm5Zy
- slot 426514979 · hash 4qeabvu5xdXyKUc8vdnYG583moGWkuNPrj2oKr4TVeUS
- slot 419628930 · hash DXHEmc9ot6aZRdcEWB7dLFEgkF8Evu3AvwRSLMbjtP13
This investigation is cryptographically anchored to the Solana blockchain (6 decisions). 0 of 14 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-20250514
generated: 4/12/2026, 5:45:35 AM
last updated: 11/3/2026, 11:22:27 PM
4 viewsavoid.net — verified advice for a post-truth world