German prosecutors confirmed raids on Tether-backed data center Northern Data AG

German prosecutors have confirmed that police raided premises connected to Frankfurt-based computing group, Northern Data AG, intensifying scrutiny of one of Europe’s most prominent companies operating in the worlds of cryptocurrency and artificial intelligence. A spokesperson for the Frankfurt prosecutor’s office stated that “raids in connection with Northern Data” were conducted on Thursday, declining to disclose the targets or what investigators were searching ￰0￱ agency said further details would be provided on ￰1￱ Data did not immediately respond to requests for ￰2￱ shares slipped following news of the raids, with investors unsettled by the prospect of renewed legal exposure for a company already dogged by ￰3￱ Data’s stock has been on a slide.