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Comment by maria2

It seems like they were ordered to give the plaintiffs the documents, but they weren’t ordered to publicly release them. NYAG also looked into them last year. They were fined but it doesn’t seem like anything else came of it.

> The New York Attorney General’s probe into Tether’s reserves concluded in February 2021 with an $18.5 million settlement.

I don’t hold any tether, and I wouldn’t recommend it to others. But the common opinion that Tether is insolvent might be wrong. Tether, as a stable business, is a money printing machine. I’m not sure it’d be worth risking the business and jail time to pump shitcoins.

parent maria2 3 years ago

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