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Warning: Tether Props up Toxic Crypto Carousel

Warning: Tether Props up Toxic Crypto Carousel

This is from the FT today: “The CFTC order found that Tether relied on unregulated and third-party entities to hold funds, including reserves. The regulator’s order also found that Tether transferred reserves to Bitfinex, including when the exchange was experiencing what its chief financial officer described as a liquidity crisis.”






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