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RE: Crypto Hedge Fund Says "Short Litecoin"
The Tether "scam" was never proved by the way. In fact one might even argue there is just as much evidence against it being a scam as there is for it...
The Tether "scam" was never proved by the way. In fact one might even argue there is just as much evidence against it being a scam as there is for it...
What evidence is there against the claim of a scam?
Well the fact that they got a former FBI law firm to sign off on them having more than enough money in the bank to cover all tethers is a big one. Then you have multiple unrelated exchanges, including kraken saying there is nothing nefarious going on with tether in the crypto ecosystem. Then you have the fact that multiple very wealthy people/entities have chosen to do business with tether, and you would imagine they would have looked into it a bit before they put hundreds of millions into it... not to mention it is still operating despite a CFTC investigation as well as all kinds of negative press. If it was a scam one could reasonably assume it would have been shuttered by now. And these are just to name a few off the top of my head.
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