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Wait until it comes to Tether's turn. The ability for those guys to skirt any serious investigation or attention is truly magical. It's not even a complex mul
by headsoup 4y ago
Wait until it comes to Tether's turn. The ability for those guys to skirt any serious investigation or attention is truly magical.
It's not even a complex multi-layered obfuscated fraud, it's practically out in the open, yet will still be a "how could we have known?!" Situation once it collapses (i.e. wealth transfer complete)
- throw_m239339 4y agoTether has a very different reputation in the eye of the mainstream media who couldn't say enough good things about SBF "effective altruism". Turns out it's easier to be altruistic when you just scam investors and clients.
- gruez 4y ago> The ability for those guys to skirt any serious investigation or attention is truly magical. >yet will still be a "how could we have known?!" Situation once it collapses (i.e. wealth transfer complete) "Tether is a scam" accusations are well known and has been around for years. As a quick reference, the "Bitfinexed" account (on twitter) has been around since 2017. It's certainly not comparable to FTX which seemingly imploded out of nowhere.
- headsoup 4y agoGoing by Bitfinex'ed, FTX was a money laundering front for Tether/Bitfinex, replacing Reginald Fowler. Also supposed (though it appears purely speculation) is that FTX was killed because it was about to create its own stablecoin.