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by pfisherman 599 days ago
So what exactly did the CEO say? Did he attest to tether’s balance sheet? Did he attest to the dollar amount of tether’s assets managed his institution?

What I am getting is that he simply said that he holds some of tether’s assets. Why and how would that make him privy to the entirety of tether’s balance sheet?

1 comments

Listen to 8:45 of this video: https://youtu.be/IjR3Hj0aRW4?si=s2D0wjQOIS5uiFKh

He says that Tether can redeem any request because his company holds their money. If Tether is unbacked this is security fraud