They printed another billion just 6 hours ago: https://twitter.com/whale_alert/status/1467504581571751940 https://twitter.com/whale_alert/status/146750458157175

They printed another billion just 6 hours ago: https://twitter.com/whale_alert/status/1467504581571751940 https://twitter.com/whale_alert/status/1467504581571751940 They have become so brazen, that they will just keep printing billions without any audit or insight into their holdings. Their last attestation published a few days ago (by them, not by any independent firm) raises more questions than answers: https://twitter.com/dee_bosa/status/1466826912781590529 https://twitter.com/dee_bosa/status/1466826912781590529 They barely have any backing in actual USD and are very suspect in the commercial paper holdings They have a CTO who regularly engages in snarky comments when asked about their holdings: https://twitter.com/paoloardoino https://twitter.com/paoloardoino They have a CFO who has a very very checkered past: https://www.ft.com/content/4da3060c-8e1a-439f-a1d7-a6a4688ad6ca https://www.ft.com/content/4da3060c-8e1a-439f-a1d7-a6a4688ad... Tether has regularly been sued and settled, never won. CFTC: https://www.cftc.gov/PressRoom/PressReleases/8450-21 https://www.cftc.gov/PressRoom/PressReleases/8450-21 NYAG: https://www.cnbc.com/2021/02/23/tether-bitfinex-reach-settlement-with-new-york-attorney-general.html https://www.cnbc.com/2021/02/23/tether-bitfinex-reach-settle... DOJ: https://www.bloomberg.com/news/articles/2021-07-26/tether-executives-said-to-face-criminal-probe-into-bank-fraud https://www.bloomberg.com/news/articles/2021-07-26/tether-ex... Moreover, they roped in a nation state (El Salvador) to issue bonds that fund El Salvador’s Bitcoin City to be issued on Blockstream’s Liquid Network and processed by iFinex, the controversial company behind Tether. https://blockworks.co/el-salvador-plans-bitcoin-city-funded-by-bitcoin-bonds-and-powered-by-a-volcano/ https://blockworks.co/el-salvador-plans-bitcoin-city-funded-... To add to that, the SEC denied creation of VanEck’s bitcoin-backed ETF because of risks associated with Tether https://www.ft.com/content/77bc7296-9bd4-4ea4-bab9-91cee789e47f https://www.ft.com/content/77bc7296-9bd4-4ea4-bab9-91cee789e... From the article: "Among the concerns the SEC raised in the disapproval order included possible “wash trading”, when the same institution is on both sides of the trade, generating extra fees for minimal risk; potential price manipulation by whales who dominate bitcoin; and possible “manipulative activity involving the purported ‘stablecoin’ Tether”. The list keeps going on and on and on...