Community Trust ScoreVerified
- Tether and Open Dialogue with Law Enforcement Agencies
- Focus on Serving Needs of Customers
- Goose that lays the golden eggs
On July 26, 2021, Tether.to published: “Today, Bloomberg published an article based on unnamed sources and years-old allegations, patently designed to generate clicks. This article follows a pattern of repackaging stale claims as “news.” The continued efforts to discredit Tether will not change our determination to remain leaders in the community.
Tether routinely has an open dialogue with law enforcement agencies, including the U.S. Department of Justice, as part of our commitment to cooperation, transparency, and accountability. We are proud of our role as industry leaders in promoting cooperation between industry and government authorities in the U.S. and around the world. We remain committed to our customers and the industry-leading technology and transparency that has led to our growth.
It is business as usual at Tether, and we remain focused on how to best serve the needs of our customers.”
Community Criticism: What happened yesterday is that Tether collapsed vs. Bitcoin. Someone was trying to get rid of Tether so fast that it rose from 34k to 40k in minutes. Tether is a useless hot potato now. Don’t hold it for a second!
Get audited by big four accounting firms instead of some random firm you find on craigslist. Then no one will question you ever again.
Didn’t see anywhere in the statement that the article was wrong? Remember- fraudsters give non-answers and no proof but will later claim they did. This article does not really say so much.
This is more like the Binance Saving Statement that they gave after the UK allegations. Ultimately, they have been restricted, and most banks are not allowing customers to deposit to Binance, and withdrawal is still not open.
Community Optimism: I wouldn’t consider Friedman some random firm no-name firm; they’re one of the top crypto accounting firms.
Tether makes way more money doing the right thing; why kill the goose that lays the golden eggs?
Community Defense: Moreover, someone is also trying to DDOS http://tether.to just to make it harder to read the article.
Anyone who’s holding Tether, really only have themselves to blame at this point.
I think Bloomberg spun the story first, which is effectively recirculating old news. Disappointed with CoinDesk running what clearly is old news, their journalism has been declining, loosing any credibility. Certainly time for a change in editors.
Wondering if Market Making Idea: The Bloomberg article conveniently comes out around the same time after Bitcoin breaks out. Best to switch to USDC.
