Wolf of Wall Street Called Tether a “Massive Fraud”
Moderator: moderators
-
kreslik.news
- rank: 10000+ posts
- Posts: 37443
- Joined: Thu Jan 14, 2016 9:36 am
- Reputation: 2
- Gender:
Wolf of Wall Street Called Tether a “Massive Fraud”
Jordan Belfort, convicted scammer-turned-motivational speaker, is not a fan of Tether.
In an interview with TheStreet, a financial news website, Belfort referred to the company as “a massive fraud”.
Tether is a cryptocurrency that ties the value of its tokens with the US dollar, and purports to always hold dollar reserves equal to the number of tokens in circulation, so that their value is reliably backed up. It claims on its website that “reserve holdings are published daily and subject to frequent professional audits. All tethers in circulation always match our reserves.”
In reality, things seem ... (read more)
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.