[DSingularity]

I don’t think you are using Occams Razor correctly.

[ceejayoz]

What's the simpler explanation than "fraud" where Tether is concerned?

They still haven't passed an audit, and they've changed the "1USDT is backed by $1" to "1USDT is backed by loans and vaguely defined investments". https://cointelegraph.com/news/changes-to-tethers-terms-of-r...