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In the event that whoever runs Tether has committed financial fraud on a large enough scale to lose, say, 5% if the total value, which is billions of dollars, a
by CPLX 4y ago
In the event that whoever runs Tether has committed financial fraud on a large enough scale to lose, say, 5% if the total value, which is billions of dollars, and they are now felons and fugitives facing certain lifetime confinement, what possible incentive could they have to return the other 95% to you?
How, exactly, do you think the story here is going to end?
- charleslmunger 4y ago>In the event that whoever runs Tether has committed financial fraud on a large enough scale to lose, say, 5% if the total value, Why is this phrased like a hypothetical? >In fact Tether reserves were not “fully-backed” the majority of the time. https://www.cftc.gov/PressRoom/PressReleases/8450-21 https://www.cftc.gov/PressRoom/PressReleases/8450-21