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BREAKING: FTX, Tether, the CIA, Drug Cartels and Ukraine Tether is also on the brink of failing --- Tether has never been audited.

 
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11/20/2022 08:00 PM
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BREAKING: FTX, Tether, the CIA, Drug Cartels and Ukraine Tether is also on the brink of failing --- Tether has never been audited.
The FTX scandal is only getting started. Another cryptocurrency by the name of Tether is also on the brink of failing and both FTX and Tether appear to have been tools of the Deep State.

A week ago TGP reported that FTX was used as a money laundering scheme in Ukraine where money sent there was sent back to US politicians.

USDT, or Tether, is what is known as a “stablecoin.” A stablecoin is a cryptocurrency that, instead of fluctuating in value, is intended to hold to a consistent price. Tether is a USD stablecoin — each Tether is supposed to be equal in value to one U.S. dollar. While most cryptocurrencies are wildly speculative and backed by essentially nothing, each Tether is supposed to be backed directly by a U.S. dollar, or an extremely liquid, reliable investment like a U.S. treasury bond….

…Tether has the third highest market cap of any crypto currency at $66 billion, trailing only Bitcoin and Ethereum. Today, fully half of all bitcoin trades globally are executed using Tether.

Revolver goes on to report that Alameda Research was one of two firms responsible for “seeping” Tether into the crypto ecosystem.

Did that last sentence set off any alarm bells? It should have. Alameda Research is the quantitative trading firm founded by Sam Bankman-Fried. Bankman-Fried and his partner in crime, Alameda CEO Caroline Ellison, allegedly propped up their trading firm by plundering FTX customer accounts.

The inner workings of Tether remain remarkably opaque. New Tethers are supposed to only be minted, and added to the crypto ecosystem, when somebody gives Tether Limited dollars to create them. And if that’s how it all worked, Tether would be fine.

But there is no evidence Tether actually works this way. We repeat: There is no proof that Tether stablecoins are backed by the store of tangible assets that is supposed to justify their value.

Surprisingly, Tether has never been audited. No one knows if Tether which has a $68 billion market value is really backed by the dollar.


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11/20/2022 08:02 PM
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Re: BREAKING: FTX, Tether, the CIA, Drug Cartels and Ukraine Tether is also on the brink of failing --- Tether has never been audited.
epiclol
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Re: BREAKING: FTX, Tether, the CIA, Drug Cartels and Ukraine Tether is also on the brink of failing --- Tether has never been audited.
DCrj-slapandgone
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11/20/2022 08:05 PM
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Re: BREAKING: FTX, Tether, the CIA, Drug Cartels and Ukraine Tether is also on the brink of failing --- Tether has never been audited.
The FBI will be right on this, just as soon as they finish investigating Melania's underwear, solving the garage door pull rope, Parents at school board meetings, and burying Hunter's laptop
Anonymous Coward (OP)
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11/20/2022 08:13 PM
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Re: BREAKING: FTX, Tether, the CIA, Drug Cartels and Ukraine Tether is also on the brink of failing --- Tether has never been audited.
Money laundering is a crime. Why hasn't anyone been arrested?
Anonymous Coward
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11/20/2022 08:32 PM
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Re: BREAKING: FTX, Tether, the CIA, Drug Cartels and Ukraine Tether is also on the brink of failing --- Tether has never been audited.
Research Fail. Fail.
Anonymous Coward (OP)
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11/20/2022 08:42 PM
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Re: BREAKING: FTX, Tether, the CIA, Drug Cartels and Ukraine Tether is also on the brink of failing --- Tether has never been audited.
If you have any fiat currency tied up in cryptos, dump it QUICKLY! A lot of dominos are going to fall.
Crypto-Tard

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11/20/2022 09:21 PM

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Re: BREAKING: FTX, Tether, the CIA, Drug Cartels and Ukraine Tether is also on the brink of failing --- Tether has never been audited.
A lot more here:

[link to decodetheworld.substack.com (secure)]
When you are afraid of losing your life, you have already lost your life.

Don't be afraid.
Anonymous Coward (OP)
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11/20/2022 09:23 PM
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Re: BREAKING: FTX, Tether, the CIA, Drug Cartels and Ukraine Tether is also on the brink of failing --- Tether has never been audited.
 Quoting: Crypto-Tard


rockon
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11/20/2022 09:26 PM
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Re: BREAKING: FTX, Tether, the CIA, Drug Cartels and Ukraine Tether is also on the brink of failing --- Tether has never been audited.
Anonymous Coward
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11/20/2022 09:32 PM
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Re: BREAKING: FTX, Tether, the CIA, Drug Cartels and Ukraine Tether is also on the brink of failing --- Tether has never been audited.
If you have any fiat currency tied up in cryptos, dump it QUICKLY! A lot of dominos are going to fall.
 Quoting: Anonymous Coward 73840416


Yep. Tomorrow is crypto doomsday. Right in time for relatives of cryptotards to bitch them out over thanksgiving for their bullshit.
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11/20/2022 09:51 PM
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Re: BREAKING: FTX, Tether, the CIA, Drug Cartels and Ukraine Tether is also on the brink of failing --- Tether has never been audited.
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