The CFTC says Tether did not maintain full backing for 573 out of 791 days, or was only fully backed 27.6% of the time. The CFTC also says Tether was printing Tether despite no deposits to back them. Exactly what I've been telling everyone for the past few years.

9:35 PM · Oct 15, 2021

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Tether knew about the "September 15th, 2017" date, and made sure to deposit funds to make it appear like the money was there all along, take note that cryptocurrency prices fell by 50% immediately prior to the September 15th, 2017 date.
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The CFTC finds that Tether lied about reserves and that Tether repeatedly made untrue statements about their reserves. Exactly what I told everyone Tether was doing.
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🚨🚨The CFTC also says that Tether considered "anticipated receivables" for their so-called 'reserves'. 🚨🚨 Basically, print hundreds of millions of Tethers to liquidate someones short position, they get liquidated, and lose their collateral, now Tether gets paid the collateral
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So, to all of the so-called "crypto OG"s that said I was spreading "FUD" about Tether not being fully backed, go fuck yourselves. You defended a fraudulent company and the "troll" was right.
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Replying to @Bitfinexed
You are aware that this was settled, or no?
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the screenshots are from the settlement
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This Tweet was deleted by the Tweet author.
13 straight years of global ZIRP will do that. the scam will end when there’s an opportunity cost to its continuance
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Replying to @Bitfinexed
And that just the case about "We were backed by USD".
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