NEWS

Tether's (USDT) Negligence deserves Exchanges De-listing

Recently, Tether’s general counsel confirmed that the Tether stable coin (USDT) is not 100 percent fiat backed. This was disclosed in an ongoing case where the New York Office of the Attorney General (NYAG) accused BitFinex, a crypto exchange, for mishandling clients’ funds leading to a possible $850 million loss. Unfortunately, Tether’s reserves were used to cover up the loss. Tether…
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