
Senate Democrat Probes Tether Payments to Ex-White House Crypto Adviser’s Firm
Sen. Richard Blumenthal demanded Tether’s records on payments to Nxum, a firm co-owned by former White House crypto adviser Bo Hines.
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Sen. Richard Blumenthal demanded Tether’s records on payments to Nxum, a firm co-owned by former White House crypto adviser Bo Hines.

The blockchain suspended its layer-1 network and rollups after security researchers identified unauthorized token minting and millions in assets transferred to Ethereum.

Sen. Blumenthal said he wants answers from Tether following reports that it paid millions to a firm started by a former WH crypto adviser.

The Democratic ranking member of the Senate Permanent Subcommittee on Investigations asked Paolo Ardoino for records related to a reported deal between Tether and Nxum.
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