Exposing Tether - Bitcoin's Biggest Secret

A video on YouTube. In Business & Money, a Krater category.

Summary by Krater

The video investigates whether Tether, the stablecoin, is a scam or a fraud, analyzing its backing, reserves, audits, and connections to Bitfinex and Crypto Capital.

From the video

Answers: Is Tether a fraud and a scam?

Tether reserves and backing
Bitfinex and Tether connection
Crypto Capital money laundering
New York Attorney General investigation
Stablecoin liquidity risks

What it concludes

Tether leadership has a long history of being shady and misleading about its reserves.
Tether's commercial paper holdings make it one of the largest investors in the US commercial paper market.
Tether and Bitfinex are owned and operated by the same individuals despite claims of being separate entities.
Tether's reserves were not 100% backed by US dollars at all times as claimed.
The New York Attorney General's investigation found that Tether and Bitfinex covered up massive financial losses.

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