Tethers in circulation are worth about 62 billion, and they underpin more than half of wal bicoin trades. There's a very interesting claim made in the bloomberg article. It could be that in exchange, ah, you know, that tether works with, got a bunch, got interviewed, got a bunch of document requests, and they then leaked it to bloomburg because they don't want to be on the hook. When these things come apart, it's every man rat an for themselves. Everybody's racing for the eggs....
Tether executives are reportedly facing a DOJ criminal probe for bank fraud! Jason breaks down Bloomberg's report (1:31), Tether's response (10:34) and assesses potential implications for the wider crypto ecosystem, including if this had anything to do with Sunday night's Bitcoin surge. (16:29)