Tether reveals partnerships with Secret Service, FBI in letter to U.S. Senate
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Re: Tether reveals partnerships with Secret Service, FBI in letter to U.S. Senate
#2Each disabled token is pure profit to Tether. They're not cashing them out to the US Treasury, as with Bitcoins recovered from criminal operations.
Re: Tether reveals partnerships with Secret Service, FBI in letter to U.S. Senate
#3[flagged]
Re: Tether reveals partnerships with Secret Service, FBI in letter to U.S. Senate
#4Notably, this is a coin used by a lot of cryptominers, many of whom are Chinese who fled the ban in China on crypto mining and also to export their wealth in a way they can't otherwise because China doesn't allow transfer of currency out of the country.
Example:
https://www.nytimes.com/2023/12/25/technology/bitrush-bitcoi...
...so now gigawatts of electricity are being used here to generate more wealth for chinese billionaire playboys who are so stingy they can't even pay rural local electricians. Must be because of how expensive his tuition is...
Re: Tether reveals partnerships with Secret Service, FBI in letter to U.S. Senate
#5[deleted]
Re: Tether reveals partnerships with Secret Service, FBI in letter to U.S. Senate
#6Notably, this is a coin used by a lot of cryptominers, many of whom are Chinese who fled the ban in China on crypto mining and also to export their wealth in a way they can't otherwise because China doesn't allow transfer of currency out of the country. Example: https://www.nytimes.com/2023/12/25/technology/bitrush-bitcoi... ...so now gigawatts of electricity are being used here to generate more wealth for chinese bi…
Real estate is how China allows their citizens to move money out of country. If the money is at all legitimate, there is a vehicle.
I’ve been around the world, and I’ve been as much Chinese real estate as I’ve seen, makes me think there is very little legitimate money in crypto for this application.
Re: Tether reveals partnerships with Secret Service, FBI in letter to U.S. Senate
#7Completely unrelated to a previously unknown link to the US government…
I am reminded that this is the cryptocurrency a lot of people were expecting a violent crash from.
Re: Tether reveals partnerships with Secret Service, FBI in letter to U.S. Senate
#8[flagged]
Re: Tether reveals partnerships with Secret Service, FBI in letter to U.S. Senate
#9That might explain why it has not crashed completely yet.
As a rule of thumb, never trust service providers that should, by all common sense, fail, but miraculously don't.
Re: Tether reveals partnerships with Secret Service, FBI in letter to U.S. Senate
#10[flagged]
would love to read more if you have a link [edit: re CIA connection]