4 ms·

> Tehter has lent money to almost all these firms Do you have a source for this?

by abiro 4y ago

mccorrinall 4y ago
https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUg... The points you're looking for: > Secured Loans (none to affiliated entities) $3,149,732,368 > Other Investments (including digital tokens) $4,959,634,446
- lizknope 4y ago
  Your link is to an attestation, not an audit, and it was performed by a company in the Cayman Islands that changed its name and is still under investigation by the United Kingdom government https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/ https://www.coindesk.com/markets/2022/01/26/tethers-new-acco...
  - sgt101 4y ago
    Hopefully you can link to Tether's audit? ???
    - lizknope 4y ago
      There is no audit. That's why they produced that bullshit attestation. Tether has been saying they would produce an audit since July 2021, that's a year ago! https://www.cnbc.com/2022/05/17/tether-usdt-redemptions-fuel-fears-about-stablecoins-backing.html https://www.cnbc.com/2022/05/17/tether-usdt-redemptions-fuel... This is long but fascinating. Tether is a scam, it just hasn't fallen apart yet. https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3 https://crypto-anonymous-2021.medium.com/the-bit-short-insid...
      - 908087 4y ago
    - dgellow 4y ago
      They have never been audited. They only ever published attentions.
  - mccorrinall 4y ago
    It is, but it still shows that tether invested multiple billions in digital assets and other bullcrap. I hope those were not margin loans for leveraged positions.
arcticbull 4y ago
Yep the Tether Papers from Protos. [1] On-chain analysis which accounts for 70% of all Tether issuances. [1] https://protos.com/tether-papers-crypto-stablecoin-usdt-investigation-analysis/ https://protos.com/tether-papers-crypto-stablecoin-usdt-inve...

> Tehter has lent money to almost all these firms Do you have a source for this?

by abiro 4y ago

> Tehter has lent money to almost all these firms Do you have a source for this?

https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUg... The points you're looking for: > Secured Loans (none to affiliated entities) $3,149,732,368 > Other Investments (including digital tokens) $4,959,634,446

lizknope 4y ago
Your link is to an attestation, not an audit, and it was performed by a company in the Cayman Islands that changed its name and is still under investigation by the United Kingdom government https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/ https://www.coindesk.com/markets/2022/01/26/tethers-new-acco...
- sgt101 4y ago
  Hopefully you can link to Tether's audit? ???
  - lizknope 4y ago
    There is no audit. That's why they produced that bullshit attestation. Tether has been saying they would produce an audit since July 2021, that's a year ago! https://www.cnbc.com/2022/05/17/tether-usdt-redemptions-fuel-fears-about-stablecoins-backing.html https://www.cnbc.com/2022/05/17/tether-usdt-redemptions-fuel... This is long but fascinating. Tether is a scam, it just hasn't fallen apart yet. https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3 https://crypto-anonymous-2021.medium.com/the-bit-short-insid...
    - 908087 4y ago
  - dgellow 4y ago
    They have never been audited. They only ever published attentions.
- mccorrinall 4y ago
  It is, but it still shows that tether invested multiple billions in digital assets and other bullcrap. I hope those were not margin loans for leveraged positions.

arcticbull 4y ago

Yep the Tether Papers from Protos. [1] On-chain analysis which accounts for 70% of all Tether issuances. [1] https://protos.com/tether-papers-crypto-stablecoin-usdt-investigation-analysis/ https://protos.com/tether-papers-crypto-stablecoin-usdt-inve...