Tether: What part of this balance sheet do we not believe?

[johnarb]

those days a long gone. That is why no reputable company will do audit. They hired someone back in 2017 and fired because auditors did not understand their business model.

Tether is not a publicly listed company so it has no requirement to produce an audit (or get delisted)

I think Tether is just saying that they will have an audit to have fun with everyone, especially the haters, while making billions of $ in profits every quarter

It's a lot of fun watching the Tether audit game, now you see it, now you don't

 

[RedDuke]

It is all fun until one day authorities come knocking on the door. Just sayin…… they do not need to make money, as they can just print billion out of air.

 

[johnarb]

It is all fun until one day authorities come knocking on the door. Just sayin…… they do not need to make money, as they can just print billion out of air.

You can sayin all you wantin but that's not how it workin, "they" have to file a case against Tether first and then the courts will decide. There is no case, right now

The last case against Tether, NY Judge asked Tether for proof, and Tether showed them lots of proofs,, NY Judge sayin it's all good, give me $25M as tip and have fun

So now, Tether havin fun with yall truthers, Audit soon™, audit poof, audit soon™, audit bye bye

 

[orbit23]

You can sayin all you wantin but that's not how it workin, "they" have to file a case against Tether first and then the courts will decide. There is no case, right now

The last case against Tether, NY Judge asked Tether for proof, and Tether showed them lots of proofs,, NY Judge sayin it's all good, give me $25M as tip and have fun

So now, Tether havin fun with yall truthers, Audit soon™, audit poof, audit soon™, audit bye bye

As far as i know they lied about being always backed 1:1 (they claimed tethers were always backed 1:1), but some of their money has been confiscated and only once the news broke public did they admit it.

 

[The_Krakenite]

did they admit it.

I wonder, does a ninja edit count as admitting? Because that's what they did. Then they got called out on it.

 

[johnarb]

As far as i know they lied about being always backed 1:1 (they claimed tethers were always backed 1:1), but some of their money has been confiscated and only once the news broke public did they admit it.

Are you sayin there's a problem? I heard the CEO was hurt being called a liar, he's using $2 Billion in $100 denominations to wipe his tears, 3 months from now, he'll do the same thing again, until people stop saying he's a liar

 

[RedDuke]

You can sayin all you wantin but that's not how it workin, "they" have to file a case against Tether first and then the courts will decide. There is no case, right now

The last case against Tether, NY Judge asked Tether for proof, and Tether showed them lots of proofs,, NY Judge sayin it's all good, give me $25M as tip and have fun

So now, Tether havin fun with yall truthers, Audit soon™, audit poof, audit soon™, audit bye bye

if they legit, and so critical to crypto market why not do an audit??? Very simple question.

and no, when arrests are made nothing is announced ahead of time. This is how legal system works. Once suspects are arrested then case becomes public.

 

[RedDuke]

As far as i know they lied about being always backed 1:1 (they claimed tethers were always backed 1:1), but some of their money has been confiscated and only once the news broke public did they admit it.

they also lied about commercial paper, and then one day just said they liquidated it all.

 

[johnarb]

if they legit, and so critical to crypto market why not do an audit??? Very simple question.

and no, when arrests are made nothing is announced ahead of time. This is how legal system works. Once suspects are arrested then case becomes public.

Because it's more fun for Tether to keep all the haters waiting...

Ahh, so criminal then, that's what you believe about Tether that keeps earning billions of $ in profits every 3 months and they cannot afford the best lawyers, law firms, legal representation in the whole wide world

 

[RedDuke]

Because it's more fun for Tether to keep all the haters waiting...

Ahh, so criminal then, that's what you believe about Tether that keeps earning billions of $ in profits every 3 months and they cannot afford the best lawyers, law firms, legal representation in the whole wide world

I know it is fun for you, but no serious organization behaves this way. They are too important for crypto. With all the money they made, they can hire best auditors in the world, and the only reason not too is because they know they are a fraud. It is really this simple.

crypto is here to stay. We are switching all
Our algos 100% on crypto. Models showed insane backtest, unmatched to traditional commodity markets. Fraud is only good for perpetrators, we all will suffer heavy losses if Tether is busted. Should they do a real audit it will open floodgate of money.