Tether Reportedly Falsified Bank Records - Episode 110

[@ZKtheMAN]

_OH, WHO'D HAVE THOUGHT?_

[@stage6fan475]

Tether is amazing to have dodged and weaved all over the freakin' planet for this long. Anything this flaky should have fallen apart months ago. Great job trying to recap all this confusing nonsense with new main characters popping up this late.

[@hypercolour]

i was so excited to see what you guys had to say about this as soon as i saw the story. i always love the barely-restrained glee when you get to do these "i told you so" episodes. great work as always!

[@ZachPruckowski]

I've always sort of wondered on the "notes on a criminal fucking conspiracy" bit. If I'm in a criminal conspiracy, I'm probably working with relatively untrustworthy people - the exact sort of people likely to try to leverage a lack of written records to alter terms in their favor, and where disagreements about who owes who what are considerably higher-stakes. Which is not to say that you SHOULD keep notes on a criminal conspiracy, but I feel like it's a tradeoff between "fucked if the cops find your notes" vs "fucked if there's ambiguity/disagreement between you and dangerous criminals".

[@trinkschokolade]

I feel this is the best ending of any podcast. So glad to find it. Great work! 🎉

[@TheseColoursDontRun]

Oh man I always get so excited to see new episodes. I wonder how long until this house of cards comes completely down. Will SBF get a crypto bro to bunk with?

[@Roger_Smith]

The problem with running a scam in crypto is that inevitably you are interacting with someone else's scam and you got to hope that you can cash out before it collapse and takes you with it

[@Oscar_Von_Doom]

You guys are so ahead of the curve, you guys should run the Federal Reserve. Another awesome episode gentlemen👏

[@MrThomaslef]

Still do not understand how the market let tether be unbacked for so many years. Why the market cap went from 2bn to 79bn if there is fraud ?

[@wayneflint8077]

This whole crypto cesspool of thieves has to come to an end.

[@lautaroka5847]

Just so I can take over. It's the time for a new king.

[@gundamshoe]

Finally some of this stuff is getting mainstream media attention. Better late than never I guess.

[@Savukala]

Thank you for the coverage! Never give up pursuing the unfolding of the truth ❤️

[@hugoedelarosa]

I am glad you guys posted a new episode, it’s been a long day. Edit: Your jokes are gonna land us all in some watch list 😮

[@robertogreen]

this all makes the BCT stuff make more sense. they were creating a terminal, so they had to buy a basement (my basement!)’s worth of samsung 27” monitors with magic receipts and…the money gets clean from the ICO. with the help of signature bank, of course.

[@gertrudlehmann4869]

Still great to watch!

[@rexwolfe9916]

So the SEC goes after BUSD and people jump to Tether (USDT). Go figure.

[@brettferguson3815]

I didn't notice anything like that. The price of Tether is still looks stable to me.

[@Abelmags5]

Bro did you see the news today or yesterday about Tethers new bank partner in Puerto Rico??? Why the heck does a company, that reported profits of 2.5 BILLION DOLLARS IN ONE QUARTER, need to find bank partners via a small, regional bank in Puerto Rico?!?!? All your videos that I’ve been watching lately just make me wonder how much of the price of BTC was propped up by USDT. I honestly wish there was a way to figure this out. Anyway, thanks again, love this channel! 💪🏻

[@TheVirtualObserver]

Totally random off-topic question, but what's the channel logo supposed to be? To me it looks like a dark Pac Man eating a potato chip. 😅

[@cmgzfiveonezero]

Chris Farley!! Hahaha this is great! 😃

[@scposeur]

I love your content. One idea though: Weed businesses have had to do a lot of tricky things to obtain effective banking due to actual federal prohibition despite state and local permissions to do transactions. I guess they just had piles of cash sitting around, which requiring lots of security and putting neighborhoods at risk, all while following the laws of their areas generally (except the feds). They green neutrally did this instead of opening accounts on false pretenses (usually). Although I endorse their efforts in most cases, (excluding ones that are fronts for more awful, sometimes violent parties involved in that industry) what do you guys see as the differences/similarities? Also if the crypto industry does achieve endorsement in the mainstream banking world, do you think authorities will just forgive and forget about all the fraud that lead up to that point? Is it possible anyone will actually face charges?

[@scottkirby5016]

oooh restating banking history? Tether and Silvergate seems to both need to do so this week. At least the later may be semi honest one day. And as them being around until they are not. . . I'm pretty sure people said that about Lehman, Barings Banks, GE, etc etc Long tradition of that not working and Tether is only a decade-ish old. But they will be around until probably until they get hit with a RICO charge or some LE agency realizes they have whatever cash or securities are backing tether in their jurisdiction and seizes it all.

[@therealJohnSmith]

There's a trader who has a very big tether short. He was $100mill in profit a while back. Can't find the article though...

[@stevens1616]

tether has successfully processed billions and billions of withdrawals during the most challenging times and has remained stable. what could possibly disrupt usdt now? honestly, there are other concerns worth worrying about before this one...

[@dafarii]

Is AML Global a troll company name?

[@CryptoCriticPod]

It’s the actual name of his “aviation fuel brokering” business

[@sunnohh]

Crypto just gets funnier!

[@bethromelus6172]

Great episode! But the meme you posted at 8:30 has the full n-word w/ the -ER. I think you should edit that out so you won't get in trouble or reported by KZbin.

[@tethergobrrr]

Not sure what TOS says about fair use clips off MSM that happen to be slur riddled. (One of my fave scenes of all time so I hope it can prevail.)

[@bethromelus6172]

@@tethergobrrr The clip itself is good for TOS. The issue is the slur on the screen can cause someone to report the video.

[@sylvia1950]

@@bethromelus6172 Exactly. Even turning off the subs for the clip would probs help.

[@SamuelMorris1]

Shady.

[@Sound_.-Safari]

Uh oh 😰

[@theplanebrain]

Sticks and stones may break my bones but FUD will never hurt me.

[@Living_Matrix1]

That’s what Celsius said, right before they went to crypto hell…

[@dfnope]

Government needs to stop pushing legitimate businesses into the shadows, I blame the state.

[@luluweb3904]

In my experience, USDT is the only stablecoin that hasn't stopped its redemptions, and that's actually a good thing.

[@CryptoCriticPod]

Oh yeah? What about March 2017 till November 2018?

[@stachowi]

Nothing to see here…

[@Living_Matrix1]

There is if you understand it.

[@stachowi]

@@Living_Matrix1 when tether is explosed everyone will act like "how could this happen" like FTX and others.... i'm amazed at how long they have gone unquestioned.

[@robertogreen]

world’s second stupidest political party involved? OH HELL YES HI TORIES

[@evilfungas]

They wouldn't have had to do any of this if they were just allowed to use banks lol

[@CryptoCriticPod]

Bank fraud is a crime with a sentence of up to 25 years

[@Whatsthis1do]

Stable Coin Jihad fund! SCJ send me the wallet address!

[@calz7744]

That is the most hotdog outfit I have ever seen.

[@abeidiot]

it's kind of funny how we focused on tether so much but these days the sec itself does bigger infractions of law than tether

[@mohba01]

Pretty insane that this has been going on for so long. I wonder if 0xsifu had a play in this as Daniel sestagali and him were behind wonderland time , and sestagali being a known bitfinex whale ..

[@JohnSmith-pn1vv]

I'm a tether sceptic and wait for it to crash, burn and possibly take down crypto with it but it feels lazy to point to their cat and mouse games with the banking system as indicative of a bigger fraud. They have the same issue with banking that all crypto entities do, if wells fargo continued banking for them they would never have resorted to the cat and mouse games.

[@CryptoCriticPod]

Bank fraud has a maximum sentence of 30 years