[ceejayoz]

> That said, there is still no hard proof that they have been lying and I like to believe they are innocent until proven guilty.

There is. Their website claims "frequent professional audits". Zero audits since the founding of Tether Holdings Limited in 2014 is neither frequent, professional, nor an audit.

[craigc]

I should have clarified. I meant no proof that they have been lying about the 1:1 dollar backing.

I agree with you the fact that they claim they are audited and never are is a sleazy business tactic.

[ceejayoz]

Proof they're lying about audits should be strong evidence the 1:1 dollar backing is an unreliable claim at best.

Unreliable claims to $2B in assets should be treated as extremely suspect until a reputable audit is provided. "I've got a Canadian girlfriend you've never met" doesn't fly in middle school; it shouldn't fly in a financial system.

[sireat]

Tether's claim now is more like: "There was a girl in my apartment on June 1st. Our lawyers are pretty sure of that, but not sure enough to claim anything else."