Tether posted an article on its official website condemning the irresponsible reporting of The Wall Street Journal. The article pointed out that without authoritative confirmation of these rumors or disclosing the source of the information, The Wall Street Journal wrote an article with reckless accusations, which is extremely irresponsible. These reports are entirely based on speculation. Tether also stated that the article carelessly concealed Tether's extensive cooperation with law enforcement agencies to combat bad actors who attempt to abuse Tether and other cryptocurrencies.

It is reported that Tether has been investigated for whether it holds enough assets to support the value of its token at $1. In 2021, federal prosecutors in Washington warned Tether executives that they may face charges related to bank transfers involving alleged deception. The investigation was later transferred to the US Attorney's Office in Manhattan, but two years have passed without any formal charges or enforcement action. As of now, the US Attorney's Office has not made an official statement on the matter.