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A comment on FTX collapse, Tether operations have linked to online-poker cheating scandals.

Re:FTX collapse, Tether operations have linked to online-pok... by new2this on Monday November 14, 2022 @08:54AM (#33593883)
Clickbait title. Tether is only vaguely mentioned and there is nothing related to Tether operations- only to an employee at Tether.

While this article covers an interesting topic, the title is clearly an attempt to bandwagon on the "Tether is next" narrative while contributing nothing substantial to the conversation

[ Parent | on HN ]
Re:FTX collapse, Tether operations have linked to online-pok... by abriosi on Monday November 14, 2022 @09:49AM (#33594718)
According to "the Consolidated Reserves Report"[1] the group has US$ 68,061,618,458 in assets and US$ 67,811,510,720 in liabilities

"The risk-on assets are 12.86% of the reserves, via simple division. Their equity is 0.36% of assets."[2]

"They are leveraged 35:1 against their risk-on assets alone."[2]

[1] https://tether.to/en/tether-proves-resilience-of-reserves-in...

[2] https://www.kalzumeus.com//2022/11/11/tether-required-recapi...

[ Parent | on HN ]
Re:FTX collapse, Tether operations have linked to online-pok... by shkkmo on Monday November 14, 2022 @10:02AM (#33594930)
Tether is pretty specifically, if briefly mentioned. What is vague is the description of what provable role Stuart Hoegner had with UB's lawbreaking.
[ Parent | on HN ]