No, it's not over for Tether.
The setback was that Tether used ECPs to make offerings to the public. This complicated the case with multiple entities and made it difficult for NYAG to make a grand case. Tether's illicit activity is for the DOJ and Treasury. It's a global fraud case.
Point is, the NYAG has collected evidence and information that the DOJ and Treasury can now use.
It was the exact same situation with Liberty Reserve. The NYAG charged GoldAge, a related entity of LB, which later lead to the takeown of Liberty Reserve et al by the DOJ.
The DOJ has a lot more resources. They can use the data submitted by Tether and match it with records in their database. All they need to do is find a link to illegal activity.
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