Tether Lawyer Shocker: Only 74% Backed by Cash, How Will Bitcoin React?

Tether Lawyer Shocker: Only 74% Backed by Cash, How Will Bitcoin React?

By CCN.com: According to an affidavit filed with the Supreme Court of the State of New York by Stuart Hoegner, the general counsel to Tether and major bitcoin exchange Bitfinex, only 74 percent of Tether’s holdings are backed by cash.














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