Hong Kong architect loses millions trading Tether, crypto on scam site

The Hong Kong-based architect made 65 transactions on a fake crypto website that showed inflated and manipulated Tether prices.
The Hong Kong-based architect made 65 transactions on a fake crypto website that showed inflated and manipulated Tether prices.
Tether is no longer required to submit attestations but does this mean that all transparency around the leading stablecoin will be lost?
Tether has always had a close relationship with online gambling: Ultimate Bet poker, USDT-denominated perps, and USDT-on-Tron gaming.
Malta-based Tether client and stablecoin whale Heka Funds regularly turns a profit and since inception has seen returns of 100%.
Tether’s most recent attestation suggests a large increase in “Shareholder Capital Cushion” that was not shown on its transparency page.