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From a NYC law office wasn't it? You believe that was falsified? It could be, sure, I just haven't seen any proof. Seems like no amount of verification will ev
by dahdum 9y ago
From a NYC law office wasn't it? You believe that was falsified? It could be, sure, I just haven't seen any proof.
Seems like no amount of verification will ever be enough for a good chunk of the crypto community. The scars of Mt Gox and BFX socialized loss are too deep.
The market seems to think otherwise, you can unload your tether for $1.02 most days if you want.
- jboggan 9y agoI don't believe it was falsified but it was missing a lot of things that an actual audit would include. Not just verifying that money was in accounts but verifying what purpose that money was for and what the banking relationship / terms of use of that money was. I do believe Tether had ~$40M in USD in April but I don't believe that they were 100% honest with their banks about their business model, which is why I think they lost their banking relationships and haven't allowed the public to deposit/redeem Tether since April.
- FireBeyond 9y agoNot falsified. But literally stated "This is not in any way an audit and does not meet the requirements of an audit".
- stale2002 9y agoI believe that the memo released was not an audit. And I believe that if you want to prove to the world that you have a bunch of money then you should do a full, legal, audit. That's the bar. If they have all the money, then a legal audit will prove them right.