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Tether has lots of experience in this field. They were "pioneer" and they went through a lot worse: Tons of FUD, the Bitfinex exchange hack, lawsuits, bank runs
by csomar 4y ago
Tether has lots of experience in this field. They were "pioneer" and they went through a lot worse: Tons of FUD, the Bitfinex exchange hack, lawsuits, bank runs etc...
In short, they are battle and stress tested to the maximum.
- broknbottle 4y agomore like experienced fraudsters. madoff was able to keep his scheme going for far too long i.e. multiple decades
- irusensei 4y agoI wish people would stop making this comparison. Madoff fell the moment someone tipped him.
- FabHK 4y agoI don't know whether you're uninformed or deliberately misleading, but that's entirely wrong. He fell after he confessed his crimes to his kids and they informed the FBI (on 2008-12-10, with his arrest the very next day). However, people had been informing the SEC with suspicions a decade earlier, as recounted in the book No One Would listen: "Madoff Securities LLC was investigated at least eight times over a 16-year period by the U.S. Securities and Exchange Commission (SEC) and other regulatory authorities." https://en.wikipedia.org/wiki/No_One_Would_Listen https://en.wikipedia.org/wiki/No_One_Would_Listen https://en.wikipedia.org/wiki/Madoff_investment_scandal https://en.wikipedia.org/wiki/Madoff_investment_scandal
- richbell 4y ago> Tether has lots of experience in this field. They were "pioneer" and they went through a lot worse: Tons of FUD, the Bitfinex exchange hack, lawsuits, bank runs etc... They're experts in fraud and deception. https://youtu.be/-whuXHSL1Pg https://youtu.be/-whuXHSL1Pg