The Tether Conundrum Part 2: The Plot Thickens
NOTE: For more background including a brief introduction to Tether itself, see part 1 of this series: The Tether Conundrum: A Quick Backstory. This post will largely assume you have read that first, or are at least familiar with the material it covers. Also thanks to Bitfinex'ed for surfacing much of the material covered in this post.
There have been plenty of developments surrounding Tether in the months since I wrote the first post in this series in January:
- Tether’s previous “auditor” (who never completed an audit), Friedman LLP, removed all mentions of Tether from their web site. Shortly thereafter Tether would announce that they are dissolving their relationship with Friedman. Despite claims of “frequent professional audits” on their web site, to date Tether has never completed an audit.
- The US Commodity Futures Trading Commission (CFTC) sent subpoenas to Bitfinex and Tether...
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