Because the "misleading statement" (i.e. deliberate lie) is the entire basis of Tether's business. The service they claim to provide is fiat backing for their cryptocurrency and they didn't do that. That's not "a few inaccuracies", it's fraud.

Isn’t the basis of the business that tethers are exchangeable for USD? Have they failed to provide USD when asked?

Essentially yes. They throw up all kinds of roadblocks to make it difficult to exchange tether for cash in order to preserve the facade.

Just one article I found: https://www.google.com/amp/s/micky.com.au/irredeemable-why-i...

Wait, has anybody ever in the entire existence of Tether actually withdrawn their USDT for USD??

“Misleading statements” is doing a lot work here.

When we’re talking about organizations who exist solely in the realm of toying with people’s finances, a “misleading statement” is nothing more than a lie. They were misleading people. There is a reason some things come along with incredibly complex language to explain the nuances of what is actually happening as accurately as possible.

We can’t attempt to downplay “misleading statement” in an effort to misdirect away from why they were misleading people.

It's debatable whether Tether has a few inaccuracies or massive fraud.