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Its assets. They claim to own so much commercial paper that they would be one of the top owners of the class, yet no one who sells paper for a living has heard
by cjensen 4y ago
Its assets. They claim to own so much commercial paper that they would be one of the top owners of the class, yet no one who sells paper for a living has heard of them.
The kinds of audits it has had.
The amount of regular money it has in the banks.
And even lying so badly that basic fourth-grade math says that month-to-month reports from binance cannot be truth.[1]
[1] https://www.kalzumeus.com/2022/11/11/tether-required-recapitalization-again/ https://www.kalzumeus.com/2022/11/11/tether-required-recapit...
- kevinak 4y agoBinance doesn’t have anything to do with Tether, you’re probably mixing them up with Bitfinex, another crypto exchange.
- gggggg5 4y ago>https://www.kalzumeus.com/2022/11/11/tether-required-recapitalization-again/ https://www.kalzumeus.com/2022/11/11/tether-required-recapit... At no point does this blog post mention Binance, it discusses an entirely different cryptocurrency exchange.