Quoting unnamed sources, Bloomberg said that CFTC has sent requests to both companies. The news comes a few days after CoinDesk reported that Tether's relationship with the Friedman LLC audit firm had been 'dissolved,' although it was unclear which party was trying to limit the work. Friedman has done an audit with Tether, which is closely related to Bitfinex-based British Virgin Islands.



'We routinely receive legal proceedings from law enforcement agencies and regulators who conduct investigations. It is our policy not to comment on the request, "the company said in a statement to Bloomberg. A representative refused to comment further.



The news is likely to continue to inflame the controversy surrounding the USDT Tether token, which functions as a synthetic dollar. Critics argue that tokens are not supported at ratios 1 to 1 with the US dollar as stated otherwise and that Tether-generated tokens in recent weeks have been used to increase the price of bitcoins, especially at the time of the market and weakening.