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Midweek Roundup: Justice Department Investigates Tether, Latvian Bank Owner Sentenced, and More

The U.S. Justice Department has launched an investigation into Tether, the company behind the dollar-pegged stablecoin USDT, amid suspicions of the company's involvement in money-laundering and sanctions-evasion schemes, The Wall Street Journal reported. More Tether denied the allegations, while the platform's chief executive, Paolo Ardoino, said he has seen no signs that the company is under U.S. investigation, Reuters reported. More The former owner of LPB Bank in Latvia has been sentenced to 15 years in prison for commissioning the murder of an attorney who blew the whistle on the lender's involvement in money laundering schemes, the Financial Times reported....

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