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Comment by abiro | Hacker News Reader

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abiro·

> Tehter has lent money to almost all these firms

Do you have a source for this?

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Yep the Tether Papers from Protos. [1] On-chain analysis which accounts for 70% of all Tether issuances.

[1] https://protos.com/tether-papers-crypto-stablecoin-usdt-inve...

https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUg...

The points you're looking for:

> Secured Loans (none to affiliated entities) $3,149,732,368

> Other Investments (including digital tokens) $4,959,634,446

Your link is to an attestation, not an audit, and it was performed by a company in the Cayman Islands that changed its name and is still under investigation by the United Kingdom government

https://www.coindesk.com/markets/2022/01/26/tethers-new-acco...

Hopefully you can link to Tether's audit?

???

There is no audit. That's why they produced that bullshit attestation.

Tether has been saying they would produce an audit since July 2021, that's a year ago!

https://www.cnbc.com/2022/05/17/tether-usdt-redemptions-fuel...

This is long but fascinating. Tether is a scam, it just hasn't fallen apart yet.

https://crypto-anonymous-2021.medium.com/the-bit-short-insid...

They have never been audited. They only ever published attentions.

It is, but it still shows that tether invested multiple billions in digital assets and other bullcrap. I hope those were not margin loans for leveraged positions.

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