# Tether Probe

By [aundingoya.eth](https://paragraph.com/@aundingoya.eth) · 2024-10-27

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Earlier in the session, crypto prices had been on the rise, with bitcoin [(BTC)](https://coindesk.com/price/bitcoin/) nearing the $69,000 level and perhaps readying for a late-day or weekend challenge of topping $70,000 for the first time in three months. In the minutes following the news on Tether, bitcoin had tumbled to as low $66,500, down nearly 2% over the past 24 hours, before modestly bouncing back to $66,800. The broader market gauge CoinDesk 20 Index was lower by 2.3% over the same time frame.

[Taking to X](https://x.com/paoloardoino/status/1849876338573799912) shortly following the story, Tether Chief Technology Office Paolo Ardoino said the WSJ is "regurgitating old noise." There is no indication, said Ardoino, that Tether is under investigation.

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*Originally published on [aundingoya.eth](https://paragraph.com/@aundingoya.eth/tether-probe)*