Wirecard was one of Germany’s largest tech companies with a market cap of $25B until recently.

Short sellers first identified suspicious activity at the company around 2006. But it took 13 years for the house of cards to collapse. For over a decade, Wirecard stock just went up.

The company is bankrupt and worth practically nothing today.

If/when shit finally hits the fan at Tether, the crypto bagholders will look back with the same bewilderment as Wirecard investors did: “Wasn’t all this talk about fraud proven false long ago?”