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A comment on Tether executives said to face criminal probe into bank fraud.

Re:Tether executives said to face criminal probe into bank f... by santamex on Monday July 26, 2021 @11:37AM (#27960756)
This one explains the Tether scam quite nice: https://youtu.be/-whuXHSL1Pg

Edit: summary: 8 people founding the tether company, 7 of them with a criminal background. Lying and denying and then admitting after they have no other option. Yeah, seems like a nice company…

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Re:Tether executives said to face criminal probe into bank f... by user-the-name on Monday July 26, 2021 @01:22PM (#27962200)
Tether's business at this point is basically manufacturing red flags.

It is incredible the mental gymnastics people in the cryptocurrency business go through to defend this group of crooks.

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Re:Tether executives said to face criminal probe into bank f... by WalterSear on Monday July 26, 2021 @02:39PM (#27963410)
"It is difficult to get a man to understand something when the market liquidity his salary is traded and valuated against depends upon his not understanding it."
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Re:Tether executives said to face criminal probe into bank f... by TimJRobinson on Tuesday July 27, 2021 @12:35AM (#27968661)
I've been in crypto for a while and never met anyone who likes Tether, it seems to be novices that use it that don't know any better. I don't know why anyone would use it over a decentralized stablecoin like DAI.
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Re:Tether executives said to face criminal probe into bank f... by WalterSear on Tuesday July 27, 2021 @02:54AM (#27969406)
The entire crypto market is poisoned by this. There is no hiding from it in another currency if the market loses 70% of it's liquidity.

"All this is extremely dangerous to everyone, the entire crypto community

BTC could go to 1k if we don't act fast"

• CFO of Bitfinex & Tether, previously during a Tether crisis.

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Re:Tether executives said to face criminal probe into bank f... by user-the-name on Tuesday July 27, 2021 @06:04AM (#27970636)
You know something like 90% of all trades happen in Tether, right?
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