Topic: Tether Lied to You, and is basically worthless - page 2. (Read 205 times)
Did you get all that information from a reliable source? It will be unfair for their part to get accused without further evidence. However, it's not bothering for some investors because most of them have switched from Tether to Btc when the lawsuit controversy has bloomed.
The entire purpose of tether is redundant, change fiat into fiat coin. Like what? Oh you don`t want to abide by fiat laws so you call it something else?
https://cointelegraph.com/news/fractional-reserve-stablecoin-tether-only-74-backed-by-fiat-currency-say-lawyers
Which means by the time you read it, that 74% could be 50% or even zero.
Bitfinex CEO has been playing tether users for fractional reserve fools this entire time,
and using tether for his personal piggy bank.
Well at least you can know your money went to fund cocaine and hookers.
Bitfinex CEO
SOON. The Mad Dash before the collapse.
Quote
As part of an ongoing legal process involving the New York Attorney General,
Zoe Phillips of law firm Morgan Lewis said that at the time of writing,
74% of Tether’s reserves had USD and equivalent backing.
Zoe Phillips of law firm Morgan Lewis said that at the time of writing,
74% of Tether’s reserves had USD and equivalent backing.
Which means by the time you read it, that 74% could be 50% or even zero.
Bitfinex CEO has been playing tether users for fractional reserve fools this entire time,
and using tether for his personal piggy bank.
Well at least you can know your money went to fund cocaine and hookers.
Bitfinex CEO
SOON. The Mad Dash before the collapse.
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