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$1M bounty for details on Tether’s backing

hindenburgresearch.com

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Re: $1M bounty for details on Tether’s backing

#2

Post by graeme »

This is very interesting. Hindenburg is the real deal.

One challenge may be that, like the Mafia, Tether keeps its inner circle and employs family members. They have ~15 employees for a 70 billion dollar operation.

The CTO’s wife is a manager, and the CEO’s daughter works for an unnamed crypto family office, which may be related.

Their counterparties in Chinese commercial paper may not know they are counterparties due to proxies.

Still, the statements are out there. Zeke Faux from Bloomberg got a copy of their records somehow. They’ve had to give them to the New York Attorney General, and their accountants in the Cayman Islands, among others. And other counterparties may have bits and pieces.

Someone may be tempted by this.

Re: $1M bounty for details on Tether’s backing

#5

Post by [deleted] »

graeme wrote: post #2

This is very interesting. Hindenburg is the real deal. One challenge may be that, like the Mafia, Tether keeps its inner circle and employs family members. They have ~15 employees for a 70 billion dollar operation. The CTO’s wife is a manager, and the CEO’s daughter works for an unnamed crypto family office, which may be related. Their counterparties in Chinese commercial paper may not know they are counterparties du…

[deleted]

Re: $1M bounty for details on Tether’s backing

#8

Post by toomuchtodo »

throw123123123 wrote: post #7

It's a very small bounty...missing at least 2 zeros considering the scope of Tether's supply.

No need to overspend. A million dollars will still motivate people with the necessary skills. You can always increase the bounty, decreasing it is frowned upon.

Re: $1M bounty for details on Tether’s backing

#9

Post by Taikonerd »

graeme wrote: post #2

This is very interesting. Hindenburg is the real deal. One challenge may be that, like the Mafia, Tether keeps its inner circle and employs family members. They have ~15 employees for a 70 billion dollar operation. The CTO’s wife is a manager, and the CEO’s daughter works for an unnamed crypto family office, which may be related. Their counterparties in Chinese commercial paper may not know they are counterparties du…

I just realized that the Bloomberg reporter who wrote the recent story is named "Zeke Faux." (Faux meaning "fake" in French, in a story about fraud.) Is his name a pseudonym? If not, it's another surreal point in a surreal story.
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