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