📰 According to reports from PANews, former Northern Data executives Joshua Porter and Gulsen Kama claim that the company committed fraud. 😮 Northern Data is a German cryptocurrency and AI infrastructure company powered by Tether. Porter and Kama state that the company's CEO and COO were fired for exposing fraudulent activity. 📉

Porter and Kama allege Northern Data misrepresented its finances and evaded millions of dollars in taxes. Northern Data has yet to respond to these accusations, despite attracting recent attention for its plans to go public in the US. 😐

Northern Data went public in 2018 as a pure cryptocurrency miner and was later renamed Northern Data. The company grew through an acquisition to expand into high-performance computing data centers. Tether owns 51% of the company. Porter and Kama's accusations involve tax issues and financial fraud, and they claim they were fired in retaliation for uncovering those issues.