This is extremely flawed reasoning, and I'm sad to see a comment of this low quality on HN. Tether's valuation is based on free market trade. If an insider knew

This is extremely flawed reasoning, and I'm sad to see a comment of this low quality on HN. Tether's valuation is based on free market trade. If an insider knew they are not 100% backed, he has a billion dollars incentive to short the trade and then drop the bomb. However that has not happened.