In a post on its official website, Tether condemned the Wall Street Journal's irresponsible reporting, noting that it was extremely irresponsible for the Journal to write articles with reckless allegations with such certainty, based solely on speculation, without an authoritative body confirming the rumors or disclosing the source. Tether also said that the article carelessly glossed over Tether's well-documented and extensive cooperative transactions with law enforcement aimed at cracking down on bad actors seeking to abuse Tether and other cryptocurrencies. It is reported that Tether was investigated whether it held enough assets to support the value of its token of $1. In 2021, federal prosecutors in Washington warned that Tether executives could face charges related to the bank suspected of misleading the bank used to transfer the funds. The investigation was then transferred to the US Attorney's Office in Manhattan, but two years have passed without any formal charges or enforcement action. So far, the US Attorney's Office has not issued an official statement on the matter.