Bernie Madoff's fraud was big and awful, but, if the allegations about Tether are true, then (edit: for the purposes of this particular discussion) comparing th

Bernie Madoff's fraud was big and awful, but, if the allegations about Tether are true, then (edit: for the purposes of this particular discussion) comparing the two is a category error. Madoff's fraud never raised any questions about whether the exchange rate between USD and some other currency was legitimate.