Today, we filed an Article 78 proceeding to prevent the release of proprietary, competitively sensitive information to parties outside our business. 1/4
In any other industry, this would not be condoned - and it should be the same for us and for any other company in our industry. 2/4
We thank our customers for their continued trust in Tether as shown through our growth; it tells the market that our disclosures are sufficient to make well-informed decisions. 3/4
PSA: Forged documents are circulating online purporting to be between @tether_to personnel and reps of Deltec Bank & Trust and others. The documents are bogus. 1/5
Today we also received a ransom demand for 500 BTC to be sent to bc1qa9f60pved3w3w0p7snpxlnh5t4uj95vxn797a7. The sender said that, unless they receive the BTC by tomorrow, they will leak documents to the public in an effort to “harm the bitcoin ecosystem.” We are not paying. 2/5
It is unclear whether this is a basic extortion scheme like those directed at other crypto companies or people looking to undermine Tether and the crypto community as a whole. Either way, those seeking to harm Tether are getting increasingly desperate. 3/5