Tether - The Most Boring, Even Among F at Fully Reserved Table Coins

Tether has come under fire numerous times over concerns about what it does with the money it receives in exchange for us. One of the most serious allegations against tether is that its c f o, john carlo devassini, used tether reserves to plug a hole in crypto exchange bit fanex's balance sheet. Among the more recent claims against tether are that its reserves are partially backed by billions of dollars in chinese commercial paper and that it lent money to other crypto companies with bit quoin as collateral. The company settled a lawsuit with new york attorney general over allegations that they moved hundreds millions of dollars to cover up the apparent loss of 850 million dollars of commingled client and corporate