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Exclusive: Tether whale Heka Funds manager explains 100% returns

Heka sub-fund Elysium Global Arbitrage Fund buys Tether from one exchange and sells it on another, taking the difference in the spread.

Justin Sun’s stablecoin TUSD curiously grows amid market meltdown

Sun’s TUSD has seen its market cap go from $750M to nearly $1.2B despite it not being able to get regular attestations from its auditor.

Malta-based Tether client and stablecoin whale Heka Funds regularly turns a profit and since inception has seen returns of 100%.

A Crypto.com spokesperson said that its decision on Tether was made “in accordance with instructions from the Ontario Securities Commission.”

Tether has repeatedly promised complete transparency and to get itself audited. Neither of these things has happened but does anybody care?