Jesus only 6 or 7 years late! It was OPENLY KNOWN and ADMITTED IN COURT they never had the cash backing and were just printing tokens to inflate prices. Why start an investigation now?
AIUI it's not an investigation about whether tether has the USDT or not but an investigation as to whether or not allowed customers to launder dirty money.
Tether is in a country that has a long history of doing monkey business, including monkey business with drug trafficking money and arms trafficking money. Even the CIA was tied to that monkey business.
To me there's zero doubt there's actual money laundering ongoing and I really wouldn't be surprised if, once again, some three letter agencies were implicated in monkey bahamian business.
> Tether is in a country that has a long history of doing monkey business, including monkey business with drug trafficking money and arms trafficking money.
I never forget the farcical interview with Deltec Bank's "Deputy CEO":
At the start of 2021, according to their website, it was a 55 year old bank. By the end of 2021, it was a 70 year old bank!
The bank's website is a WordPress site. And their customers must be unhappy - online banking hasn't worked for nearly two years at this point - take a look at the HTML source, there's no way it could actually work.
Anyway, their Deputy CEO gave this hilarious interview from his gaming rig. A 33 year old Deputy CEO, who by his LinkedIn claimed to have graduated HEC Lausanne in Switzerland with a Master of Science at the age of 15... celebrating his graduation by immediately being named Professor of Finance at a university in Lebanon. While dividing his spare time between running hedge funds in Switzerland and uhh... Jacksonville, FL.
The name of his fund? Indepedance [sic] Weath [sic] Management. Yeah, okay.
In this hilariously inept interview, he claimed that people's claims about Deltec's money movements being several times larger than all the banking in their country was due to them misunderstanding the country's two banking licenses, the names of which he "couldn't remember right now" (the Deputy CEO of a bank who can't remember the name of the banking licenses where they operate), and he "wasn't sure which one they had, but we might have both".
Once the ridicule and all this started piling on, within 24 hours, he was removed from the bank's website leadership page. When people pointed out how suspicious that looked, he was -re-added-.
The bank then deleted the company's entire website and replaced it with a minimally edited WordPress site, where most of the links and buttons were non-functional and remained so for months thereafter.
I mean fuck it, if the cryptobros want to look at all that and say "seems legit to me", alright, let em.
