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How is it that Tether, with all its reports of unviability, seems to manage to go on? It seems like if they were the fraud people frequently report, the would
by creeble 6y ago
How is it that Tether, with all its reports of unviability, seems to manage to go on?
It seems like if they were the fraud people frequently report, the would have bust long ago.
- meowster 6y agoHow long were people talking about Madoff before his firm finally went bust? (I actually don't know, if anyone has insight, I would appreciate it.)
- wmf 6y agoMarkopolos complained about Madoff for around nine years and other people may have seen the signs earlier. There is a great deal of ruin in Tether.
- H8crilA 6y agoYup, and when Madoff eventually blew up the SEC instituted the whistleblower program in which they pay up to a fraction of recovered funds, to kind of make up for the fact they slept on this problem for soooo damn long.
- sunshinerag 6y agoMaybe they are backed by 3 letter agencies wanting to monitor crypto activity?
- definetheword 6y agoThat’s a widely speculative conspiracy. Do you have any evidence?
- sunshinerag 6y agoare you asking that if I am snowden or assange and have managed to uncover the work of 3 letter organisations. No, just like people speculate about why Tether is still alive. I speculate that they might have cut a deal with the various 3 letter agencies to provide data on USD -> USDT flows which will help deanonymize huge branches of the transaction graph. In that way 3 letter agencies can keep an eye on the flows. In return all cases against them will be held up and will not move fast. In the case of secretive 3 letter organisations you can only observe their actions by second-order effects. In this case the lack of significant prosecution against Tether.