Bloomberg reporter Matt Leising, who obtained financial institution statements from Tether’s financial institution, Noble Financial institution in Puerto Rico, discovered that for these months, the variety of {dollars} within the financial institution matched the quantity of Tether excellent. He talks about what this implies, whether or not it issues that each Tether and Noble Financial institution had been based by Brock Pierce, and whether or not it issues that the statements usually are not the newest. We additionally contact on different investigations involving Tether, together with the CFTC’s investigation into whether or not Tether is absolutely backed by greenback reserves, the Division of Justice’s investigation into whether or not Tether was used to control the Bitcoin worth, and why each Tether and Bitfinex have had such a tough time sustaining banking relationships.
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Episode hyperlinks:
Matt Leising: https://www.bloomberg.com/authors/AGfq0QVqo0I/matthew-leising
https://cell.twitter.com/mattleising
His story on Tether: https://www.bloomberg.com/information/articles/2018-12-18/crypto-mystery-clues-suggest-tether-has-the-billions-it-promised?srnd=premium
CFTC subpoeanas Tether and Bitfinex:
https://www.bloomberg.com/information/articles/2018-01-30/crypto-exchange-bitfinex-tether-said-to-get-subpoenaed-by-cftc
Bitfinex strikes to Noble Financial institution: https://www.bloomberg.com/information/articles/2018-05-24/bitfinex-said-to-find-bank-in-puerto-rico-after-wells-fargo-exit
Tether strikes to Deltec financial institution: https://www.bloomberg.com/information/articles/2018-11-02/bank-tied-to-tether-goes-quiet-on-relationship-with-crypto-firm
DOJ’s investigation into whether or not Tether was used to control the Bitcoin worth: https://www.bloomberg.com/information/articles/2018-11-20/bitcoin-rigging-criminal-probe-is-said-to-focus-on-tie-to-tether
