[csomar]

Tether has lots of experience in this field. They were "pioneer" and they went through a lot worse: Tons of FUD, the Bitfinex exchange hack, lawsuits, bank runs etc...

In short, they are battle and stress tested to the maximum.

[broknbottle]

more like experienced fraudsters. madoff was able to keep his scheme going for far too long i.e. multiple decades

[irusensei]

I wish people would stop making this comparison. Madoff fell the moment someone tipped him.

[FabHK]

I don't know whether you're uninformed or deliberately misleading, but that's entirely wrong. He fell after he confessed his crimes to his kids and they informed the FBI (on 2008-12-10, with his arrest the very next day).

However, people had been informing the SEC with suspicions a decade earlier, as recounted in the book No One Would listen: "Madoff Securities LLC was investigated at least eight times over a 16-year period by the U.S. Securities and Exchange Commission (SEC) and other regulatory authorities."

https://en.wikipedia.org/wiki/No_One_Would_Listen https://en.wikipedia.org/wiki/Madoff_investment_scandal

[richbell]

> Tether has lots of experience in this field. They were "pioneer" and they went through a lot worse: Tons of FUD, the Bitfinex exchange hack, lawsuits, bank runs etc...

They're experts in fraud and deception.

https://youtu.be/-whuXHSL1Pg