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This isn't even new news: Tether changed their terms last year, and admitted/claimed to the NY Attorney General that they only have 74% cash last year. https:/
by howlgarnish 6y ago
This isn't even new news: Tether changed their terms last year, and admitted/claimed to the NY Attorney General that they only have 74% cash last year.
https://cointelegraph.com/news/changes-to-tethers-terms-of-reserves-raises-fresh-concerns https://cointelegraph.com/news/changes-to-tethers-terms-of-r...
https://bitcoinmagazine.com/articles/holders-are-not-at-risk-bitfinex-lawyer-responds-to-ny-attorney-general https://bitcoinmagazine.com/articles/holders-are-not-at-risk...
Note that all of this is over a year before the Tether printer kicked into overdrive around April this year and started inflating from $4B to the current $18B+.