[JumpCrisscross]

This is a positive sign. I had previously been doubtful that Tether/Bitfinex even had $2.5 billion. This shows they did.

What this document is not, however, is a statement from an auditor. Given (a) Tether's previous auditors resigned and (b) Tether continues to claim, on its website, that it is audited, that remains a red flag.

(In the history of funny money being issued by banks or exchanges, the traditional switcheroo involved presenting customers' deposits as the bank's own funds. Given the totality of this situation, that is what I assume is going on.)