[codespunky]

Some relevant info for those of you looking into it. I heard that back in 2016 tether ran out of capital and basically the assets and IP sold to a bunch of folks under some pretty bad circumstances, and most of the core team and early investors got screwed. The buyers seemed pretty shifty.

[codespunky]

Before you ask, I learned this through one of the engineers who worked on it. He was a good guy and pretty standup. My point was only that the people who started it are no longer the people running it.

[JumpCrisscross]

> He was a good guy and pretty standup

Then he should file a complaint with the regulators. Knowingly participating in and profiting from a fraud isn’t something good, or simply law-abiding, people do. Absent such a report, you are posting unsubstantiated rumours.

[codespunky]

I'm not sure what there was to report? My opinion was that the people working on it seemed legit up to that point, but it ran out of money and sold to a set of people who didn't care about the orginal team and more or less got rid of them. There is nothing wrong with that. But would you get rid of the people who built the sophsticated operation you just bought? That seemed questionable.

[wmf]

I don't think more rumors are what we need at this point.

[codespunky]

It was more than a rumors. I knew two of the people who were involved in the sale of the company. Both disheartened. And let me ask you this.. who buys a sophsticated operation like this and only keeps a single member of the original dev team?

[wmf]

If you know facts firsthand but refuse to pass them on, that's the definition of a rumor. You're not spreading a rumor, you're actually creating the rumor. Especially since you're posting from a green account.

[tzahola]

My father works at Nintendo too.