Hacker News Reader

Comment by ceejayoz | Hacker News Reader

> Lack of transparency does not necessarily indicate fraud

Fraudulently claiming "frequent professional audits" that don't exist is good evidence of fraud.

So is having a big link "proof of funds" on the home page that links to https://tether.to/wp-content/uploads/2017/09/Final-Tether-Co... which says "not intended to be, and should not be, used or relied upon by [non-Tether parties]".

View on HN

Clearly we do not agree so it is not worth continuing to argue. Honestly, I just want this whole thing resolved one way or the other. I have no personal ties to Tether, and do not care if they are backed 1:1 with USD.

I agree with you they should have an audit done to prove definitively one way or the other that they are backed by USD to put this entire thing to rest.

As it is now, it keeps coming back up every few months in the media, and the narrative is getting old.

Do you not think that perhaps the media should keep coming back to the possibility of multi-billion dollar fraud like this?

Valid point, but there are also billions of dollars created out of thin air by the Federal Reserve to pump up the stock market, and perhaps that deserves some media attention as well.

https://suremoneyinvestor.com/2017/08/how-the-feds-money-pri...

Those actions did garner media attention. Massive amounts of it.

Do you feel that the narrative about Theranos was getting old, too? Continued questions about fraud and deception?

Reply on news.ycombinator.com