Comment by evdubs
11 hours ago
It's really hard to be an obvious fraud when you've been publishing attestations for years and now you have a "full independent audit" from KPMG for FY 2025, just like Circle/USDC.
https://tether.io/news/tether-completes-the-largest-inaugura...
Read up on the origins of tether, the people who founded it, deltic bank, banned for fraud in New York. In the beginning the reserves were a lie. I have no doubt they have some reserves now, but do they have $182 billiom USD, really?
CZ from Binance was also done for… fraud but miraculously pardoned by Donald Trump (I wonder why?!) and somehow still has enormous influence and inside knowledge in spite being banned from managing Binance. He talks as if he runs the company. Hmmm.
https://ag.ny.gov/press-release/2021/attorney-general-james-...
https://www.bbc.co.uk/news/articles/cly1qrl9l1qo