<ul><li>The United States Justice Department is investigating stablecoin issuer Tether for possible money laundering violations and breaches of sanctions.</li><li>The probe caused a drop in crypto prices, with Bitcoin plummeting from its upward trend towards $70,000.</li><li>Tether CEO Paolo Ardoino denies the investigation and claims there is no indication of Tether being under investigation.</li><li>Tether has faced previous scrutiny and fines related to the USDT stablecoin, including allegations of making misleading statements and omissions of material fact.</li></ul>

Bitcoin Price Recoils After Bombshell Report DOJ Is Investigating Tether Over Possible Money Laundering Violations

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