Recently, activity regarding a mysterious fund or institution has been flagged by web3 analysis tools. This entity has received a total of $1.76 billion in USDT from the Tether Treasury and funneled the funds into exchanges since the twentieth of October. This sum is enough to buy 44,000 Bitcoins at an average price of $40,000. On November 22nd, a further billion was minted by the Tether Treasury and all of these large transfers have drawn attention from sceptics, due to previous controversies with the project's transparency and financial stability. Furthermore, allegations made by the Wall Street Journal have heightened suspicions, accusing parties related to the project of using counterfeit documentation to gain access to bank accounts.



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