>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 hy

>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