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A comment on Tether Fined $41M for Lying About Reserves. Parent comment

Re:Tether Fined $41M for Lying About Reserves by 300bps on Friday October 15, 2021 @01:21PM (#28880298)
Or why outright lying that every Tether was backed by a U.S. dollar is termed “misleading”.

It’s incredible - they had 4x as much Tether as dollars backing it and lied about audits taking place that never happened.

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Re:Tether Fined $41M for Lying About Reserves by BbzzbB on Friday October 15, 2021 @02:09PM (#28880970)
More than 7x ("at one point")
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Re:Tether Fined $41M for Lying About Reserves by WalterSear on Friday October 15, 2021 @02:28PM (#28881233)
That was then. This is now:

https://pbs.twimg.com/media/FBwhKnmXEAE1whT?format=jpg&name=...

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Re:Tether Fined $41M for Lying About Reserves by BbzzbB on Friday October 15, 2021 @03:06PM (#28881765)
The fact the number of Tethers in circulation basically never goes down even when the crypto market gets more then halved says it all as far as I'm concerned, but without an investigation it is speculation. I was referring to the ratio highlighted by the article.
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