>>This is the substantiated fraud outlined in the settlement. That there is evidence of fraud does not justify making an unsubstantiated allegation that the te

>>This is the substantiated fraud outlined in the settlement. That there is evidence of fraud does not justify making an unsubstantiated allegation that the tether was unbacked. No reasonable reading of "unbacked" would find it consistent with the tether being backed by USD-denominated commercial paper as opposed to USD. I am not here to defend Tether, just careless language used when criticizing a party. >>Finally re: commercial paper, I haven't seen a shred of evidence they own a single scrap of it. That's an entirely fair statement. Like I said, I am not here to defend Tether. If anything, being careless with criticisms undermines the credibility of critics, and makes it harder for their salient arguments to be heard. So if you do have a good case against Tether, I'd suggest sticking only to the facts so that the case gets a fair shake.