Emphasis on "less audited": https://www.coindesk.com/markets/2021/08/09/tether-reveals-more-details-about-its-reserves/?outputType=amp https://www.coindesk.com/

Emphasis on "less audited": https://www.coindesk.com/markets/2021/08/09/tether-reveals-more-details-about-its-reserves/?outputType=amp https://www.coindesk.com/markets/2021/08/09/tether-reveals-m... "The order further finds that Tether and Bitfinex’s combined assets included funds held by third-parties, including at least 29 arrangements that were not documented through any agreement or contract, and that Tether transferred Tether reserve funds to Bitfinex, including when Bitfinex needed help responding to a “liquidity crisis.”" https://www.cftc.gov/PressRoom/PressReleases/8450-21 https://www.cftc.gov/PressRoom/PressReleases/8450-21