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> HN has been talking about how Tether is a scam and how it will blow up AnyMomentNow(TM) for two years Tether managed to come back from the brink of death (us
by richbell 4y ago
> HN has been talking about how Tether is a scam and how it will blow up AnyMomentNow(TM) for two years
Tether managed to come back from the brink of death (user loss of confidence) by co-mingling funds with Bitfinex and getting a third-party to provide an 'attestation' based on money they didn't actually have. This was only discovered years after the fact, and were it not for this deception they would have collapsed ages ago, much like FTX.
https://youtu.be/-whuXHSL1Pg https://youtu.be/-whuXHSL1Pg