USDD
USDD
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henryartem
WHY TETHER’S PARTNER BRITANNIA BANK IS FACING MASSIVE LAWSUIT
WHY TETHER’S PARTNER BRITANNIA BANK IS FACING MASSIVE LAWSUIT Britannia Financial Group, partnered with Tether, faces a legal battle over a $1 billion deposit made by Tether into one of its subsidiaries. The lawsuit involves a dispute over a brokerage acquisition and payment disagreements, amidst allegations against Britannia’s founder for bribery. This legal issue highlights the complex and opaque banking relationships in the cryptocurrency industry, with potential implications for Tether and the broader crypto market. Britannia Financial Group, a name that’s been resonating in the financial corridors for its association with Tether, the largest stablecoin issuer, is now in the eye of a legal storm. The group, which received over $1 billion from Tether, is embroiled in a complex legal battle, revealing the intricacies and risks involved in the banking relationships of all cryptocurrency entities.
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