Re:Battered Crypto Hedge Fund Three Arrows Capital Considers...
by arcticbull on Friday June 17, 2022 @02:43PM
(#31782537)
Yep the Tether Papers from Protos. [1] On-chain analysis which accounts for 70% of all Tether issuances.
[1] https://protos.com/tether-papers-crypto-stablecoin-usdt-inve...
Re:Battered Crypto Hedge Fund Three Arrows Capital Considers...
by mccorrinall on Friday June 17, 2022 @01:13PM
(#31781244)
https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUg...
The points you're looking for:
> Secured Loans (none to affiliated entities) $3,149,732,368
> Other Investments (including digital tokens) $4,959,634,446
Re:Battered Crypto Hedge Fund Three Arrows Capital Considers...
by lizknope on Friday June 17, 2022 @02:11PM
(#31782085)
Your link is to an attestation, not an audit, and it was performed by a company in the Cayman Islands that changed its name and is still under investigation by the United Kingdom government
https://www.coindesk.com/markets/2022/01/26/tethers-new-acco...
Re:Battered Crypto Hedge Fund Three Arrows Capital Considers...
by mccorrinall on Friday June 17, 2022 @03:05PM
(#31782840)
It is, but it still shows that tether invested multiple billions in digital assets and other bullcrap. I hope those were not margin loans for leveraged positions.
Re:Battered Crypto Hedge Fund Three Arrows Capital Considers...
by sgt101 on Friday June 17, 2022 @02:16PM
(#31782162)
Hopefully you can link to Tether's audit?
???
Re:Battered Crypto Hedge Fund Three Arrows Capital Considers...
by lizknope on Friday June 17, 2022 @02:24PM
(#31782293)
There is no audit. That's why they produced that bullshit attestation.
Tether has been saying they would produce an audit since July 2021, that's a year ago!
https://www.cnbc.com/2022/05/17/tether-usdt-redemptions-fuel...
This is long but fascinating. Tether is a scam, it just hasn't fallen apart yet.
https://crypto-anonymous-2021.medium.com/the-bit-short-insid...
Do you have a source for this?