Tether says it 'completes' a 'security' audit the same day it's reported that they're laundering $10 billion dollars a month for the Russian war machine. Very secure. Remember when Binance hired Chainalysis to do compliance, then paid $4 billion in fines for compliance… https://t.co/QwKS1mfvhA
Tether implicated in Russian weapons sales, completes security audit https://t.co/KbkVm5CqT4
WSJ: Russia using cryptocurrency to avoid sanctions. A self-described Russian smuggler in China received a request from the manufacturer of the legendary AK-47 rifle. Russia’s largest maker of small arms, Kalashnikov Concern, needed electrical parts for drones that have been…

Recent reports have illuminated the pivotal role of Tether, a leading cryptocurrency, in aiding Russian entities to sidestep U.S. sanctions amid the Ukraine conflict. Tether has reportedly been used to purchase high-tech equipment and weapon parts, facilitating transactions outside the purview of traditional financial systems. Andrey Zverev, identified as a smuggler, is said to have employed Tether in acquiring such materials, evading Western sanctions. The Wall Street Journal detailed how Tether enabled Russian intermediaries to procure drone parts and other advanced technologies, essential for Vladimir Putin's war endeavors. Amid these allegations, Tether has faced accusations of market manipulation, bank fraud, money laundering, and terrorism financing, including laundering $10 billion monthly for Russian companies in contravention of U.S. sanctions. In an attempt to address these concerns, Tether completed an independent security audit, emphasizing its adherence to advanced security standards, cybersecurity risk management, and data privacy. This audit, focusing on SOC 2 standards, represents Tether's effort to demonstrate compliance amidst scrutiny for its alleged role in laundering funds for the Russian war effort.




