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
🚨🚨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