Get ready everyone, Tether about to get fresh billions of dollars from institutionalized investors looking to buy Bitcoin by sending it to executives under criminal investigation for bank fraud.
bloomberg.com
bloomberg.com
"From June to September 2017, Tether never had more than $61.5M in funds while about 442M coins were in circulation, the CFTC said last year. A separate investigation by NYAG Letitia James found that Tether and Bitfinex hid losses and lied in statements."
A cool billion Tethers just before a new article about their criminal investigation.
Aka Bitfinex’ed was right that Tether was printing hundreds of millions of dollars with zero deposits in 2017.
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