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Tether, a stablecoin provider, has completed a SOC 2 Type 1 audit, demonstrating compliance with advanced security standards. The audit reviewed Tether's IT and data protection measures, with plans for SOC 2 Type 2 certification in 2024/25 and annual audits. Tether's CEO, Paolo Ardoino, emphasized the importance of data protection and information security in managing customer assets.
Fun Fact: Way before Wall St Journal reported on Tether laundering billions of dollars for the Russians, Tether executives Giancarlo Devasini met up with Iranians looking to launder money, and posted pictures on Twitter about it. Tether is the largest financial fraud & money… https://t.co/dMQfI1EsRt
Institutionalized investors allegedly sending another billion dollars to the Tether fraud, after it was reported that Tether fraud is laundering tens of billions of dollars every month for Russia in violation of US Sanctions on Russia. To Justin Sun, who’s being sued by the… https://t.co/BdUHjBUdvQ
Actual News: Largest crypto company Tether fraud found to be operating massive $10/billion dollars a month money laundering operation funding Russia war. Coindesk Reporting; Look over there! Moew tokens! Up 14,000%! https://t.co/PiLe6o4rR9