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Tether Under Investigation by U.S. Regulators for Market Manipulation

The United States Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC) have launched a joint criminal probe into Tether’s involvement in artificially inflating Bitcoin’s prices during the December 2017 momentous rally, Bloomberg reported on November 20, 2018.

DOJ Launches Bitcoin Rigging Criminal Probe

As Bitcoin plunges, the U.S. Justice Department is investigating whether the rally that took place in December 2017 was caused by manipulation by Tether traders.

Federal prosecutors have opened a broad criminal probe into cryptocurrencies back in May 2018, but have just recently homed in on suspicions that Tether, the company behind one of the most popular stablecoins on the market, was involved.

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