Tether supply is 4.2 billion, Madoff defrauded 60+ billion, so tether is nothing compared to Madoffs scheme. Also, tether is stablecoin - people don't buy it for investment purposes. Patio11 is still sour that he was against bitcoin when it was $1 and it seems to be difficult to get over it, therefore the strongly negative bias towards everything crypto.
However if you take into account where the writer is coming for, the article is quite good at explaining the situation.
However if you take into account where the writer is coming for, the article is quite good at explaining the situation.