{"id":2270865,"date":"2024-06-18T17:48:02","date_gmt":"2024-06-18T21:48:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/consumer-group-warns-about-cryptocurrency-commonly-used-by-drug-cartels-terrorists\/"},"modified":"2024-06-18T17:49:40","modified_gmt":"2024-06-18T21:49:40","slug":"consumer-group-warns-about-cryptocurrency-commonly-used-by-drug-cartels-terrorists","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/consumer-group-warns-about-cryptocurrency-commonly-used-by-drug-cartels-terrorists\/","title":{"rendered":"Consumer Group Alerts on Cryptocurrency Favored by Cartels, Terrorists"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fconsumer-group-warns-about-cryptocurrency-commonly-used-by-drug-cartels-terrorists%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2270865&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>A consumer group has launched a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/federal-gov-paid-hundreds-of-media-companies-to-advertise-covid-19-vaccines-while-covering-the-pandemic\/\" title=\"Federal Gov Paid Hundreds of Media Companies to Advertise COVID-19 Vaccines While Covering the Pandemic\">comprehensive media campaign<\/a> to \u200bcaution Americans about the\u200d risks\u200c of using the cryptocurrency Tether. This campaign \u2063includes \u200cadvertisements \u200con national television and a\u200b digital billboard in \u2063Times Square, and highlights concerns around Tether&#8217;s alleged connections to illegal\u2064 activities, such as being used by terrorists, drug cartels, \u2063and human traffickers. The campaign also points out Tether&#8217;s refusal to undergo a financial audit for over \u200da decade\u2063 and \u2063raises questions\u2064 about its reliability and transparency.\u2063 There have been\u2062 multiple reports linking \u2063Tether to \u2064illicit finance, \u2064including its use by organizations such as Hamas \u200band involvement in the North Korean nuclear program. The consumer group, Consumers&#8217; Research, is directing people to their website\u200b &#8220;Tethered Corruption&#8221;\u2064 for more\u2062 information and is raising concerns about Tether&#8217;s stability and\u200d safety as a financial instrument. the \u200bcampaign by Consumers&#8217; Research is advising\u200d the public to\u200c be cautious with Tether due to\u200d its \u200dcontroversial use and lack of transparency.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><span style=\"font-weight: 400\">Americans should be careful about using the <a href=\"https:\/\/www.dailywire.com\/topic\/cryptocurrency\" target=\"_blank\" rel=\"noopener\">cryptocurrency<\/a> Tether because of its use by terrorists and drug cartels, according to a new multimillion-dollar campaign by a consumer group.<\/span><\/p>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/consumersresearch.org\/\">Consumers\u2019 Research<\/a>, an <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tech-and-tv-study-shows-excessive-screen-time-explicit-content-changing-the-teenage-brain\/\" title=\"Tech And TV: Study Shows Excessive Screen Time, Explicit Content Changing The Teenage Brain\">independent education organization<\/a> for consumers, launched a multi-pronged media campaign on Tuesday warning that Americans might be opening themselves up to financial risk by using Tether. Tether is one of the world\u2019s most commonly traded cryptocurrencies and is linked one-to-one to the U.S. dollar.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cWe are shining a light on Tether for their suspicious business practices, including a decade-long refusal to perform an audit and the routine use of the product by terrorists and traffickers of drugs and humans,\u201d Consumers\u2019 Research Executive Director Will Hild said in a statement shared with The Daily Wire.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The campaign against Tether includes a seven-figure national television buy, a Times Square digital billboard, and a website called \u201c<a href=\"https:\/\/tetheredtocorruption.com\" target=\"_blank\" rel=\"noopener\">Tethered Corruption<\/a>.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cIs Tether the next FTX?\u201d the <a href=\"https:\/\/x.com\/WillHild\/status\/1803040925007892887\" target=\"_blank\" rel=\"noopener\">ad asks<\/a>, before saying that the cryptocurrency is \u201cchronically under investigation\u201d and that it\u2019s the \u201cgo-to cryptocurrency\u201d for drug cartels and human traffickers.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Multiple reports in the last year have <a href=\"https:\/\/www.wsj.com\/finance\/currencies\/most-popular-cryptocurrency-keeps-showing-up-in-illicit-finance-71d32e5e?mod=article_inline\" target=\"_blank\" rel=\"noopener\">highlighted<\/a> Tether\u2019s use by Hamas, Chinese fentanyl suppliers, and the North Korean nuclear program. Back in 2020, the Justice Department <a href=\"https:\/\/coingeek.com\/drug-cartel-used-tether-to-bribe-us-state-govt-officials-doj\/\" target=\"_blank\" rel=\"noopener\">charged<\/a> six members of an <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-shocking-criminality-of-an-underground-transgender-drug-network-for-children\/\" title=\"The Shocking Criminality Of An Underground Transgender Drug \u2018Network\u2019 For Children\">international drug ring<\/a> with using Tether to bribe a government official.<\/span><\/p>\n<p><b><a href=\"https:\/\/onelink.to\/dwapp\" target=\"_blank\" rel=\"noopener noreferrer\" aria-describedby=\"sk-tooltip-9096\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/onelink.to\/dwapp&#038;source=gmail&#038;ust=1712932862202000&#038;usg=AOvVaw0plT8RRdMy9XUpIhocnjQS\">CLICK HERE TO GET THE DAILYWIRE+ APP<\/a><\/b><\/p>\n<p><span style=\"font-weight: 400\">The cryptocurrency has also been used by countries like Russia and Venezuela to get around sanctions. According to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-27\/tether-usdt-is-most-used-stablecoin-in-illicit-crypto-flows-trm-says\" target=\"_blank\" rel=\"noopener\">some estimates<\/a>, there were about $19.3 billion in illicit Tether transactions in 2023.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Tether has pushed back on allegations of wrongdoing, saying that estimates of illicit activity are exaggerated and that it aids law enforcement.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cWe have always assisted law enforcement when called upon to act, and we remain fully committed to continuing to work proactively with agencies globally,\u201d the company <a href=\"https:\/\/cointelegraph.com\/news\/tether-responds-us-lawmakers-calls-doj-action\" target=\"_blank\" rel=\"noopener\">said<\/a> in December 2023. \u201cTether has and will assist in identifying and freezing addresses subject to sanctions, engaged in illicit activity, or engaged in any form of terrorist financing.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, Consumers\u2019 Research says that Tether has evaded real accountability, comparing it to FTX, a cryptocurrency exchange that imploded in November 2022, costing customers more than $10 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cGiven these warning signs, we fear that Tether may very well be the next FTX,\u201d Hild said. \u201cConsumers should be wary of any so-called stablecoin that refuses to properly certify that they actually hold the assets they claim.\u201d<\/span><\/p>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A consumer group has launched a multimillion-dollar campaign warning Americans about the risks of using Tether, a cryptocurrency allegedly favored by terrorists and drug cartels. Consumers\u2019 Research, an independent consumer education organization, initiated the campaign on Tuesday, highlighting potential financial dangers associated with the cryptocurrency<\/p>\n","protected":false},"author":200,"featured_media":2270866,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/dw-wp-production.imgix.net\/2024\/06\/GettyImages-2149257393.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-2270865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/dw-wp-production.imgix.net\/2024\/06\/GettyImages-2149257393.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2270865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/200"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2270865"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2270865\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2270866"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2270865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2270865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2270865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}