Tether Claims 'Coordinated' Conspiracy Is Trying to Take It Do | Crypto World Analysis

Tether Claims 'Coordinated' Conspiracy Is Trying to Take It Down

Tether goes on to claim that these rumors are part of a "Coordinated" attempt to generate profits from a failing Tether. "Tether condemns such attempts which oftentimes see simple users take the biggest hit, while few coordinated funds increase their profits."

Tether " held sufficient fiat reserves in its accounts to back USDT tether tokens in circulation for only 27.6% of the days in a 26-month sample time period from 2016 through 2018," the CFTC said, adding that Tether co-mingled reserve funds with corporate and user funds, and held non-fiat instruments as reserves.

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