Tether’s New Attestation: Thanks For Nothing

Tether has released a brand new attestation (archive) (my copy) showing that they are fully backed! Well, it shows that for at least one entire minute Tether was fully backed. Moore Cayman, an auditing firm in the Cayman Islands, has provided an assurance opinion on the current reserves of Tether. I am going to highlight … Continue reading Tether’s New Attestation: Thanks For Nothing

Before Bitfinex and Tether

This post is inspired by this thread of mine: https://twitter.com/BennettTomlin/status/1375900452798234634 Stuart Hoegner, the General Counsel for both Bitfinex and Tether, used to be Director of Compliance for Excapsa. (Archive) Excapsa was notorious for being the parent company of Ultimate Bet. Ultimate Bet allowed some of the poker players on their site access to a 'God … Continue reading Before Bitfinex and Tether

My Second Conversation with Cas Piancey on ‘Tether: A Stable Discussion’: Solvency and Backing

PART ONE CAN BE FOUND HERE PART THREE CAN BE FOUND HERE PART FOUR CAN BE FOUND HERE https://www.youtube.com/watch?v=NYPBYPCtq54 Cas Piancey, my writing partner and friend, and I are doing several episodes on the history and controversy surrounding Bitfinex and Tether. This episode is mostly focused on the post hack history. We discuss banking, insolvency, … Continue reading My Second Conversation with Cas Piancey on ‘Tether: A Stable Discussion’: Solvency and Backing

Some Recent Photos

This image is released under the Creative Commons Attribution-ShareAlike 3.0 Unported License This image is released under the Creative Commons Attribution-ShareAlike 3.0 Unported License This image is released under the Creative Commons Attribution-ShareAlike 3.0 Unported License This image is released under the Creative Commons Attribution-ShareAlike 3.0 Unported License This image is released under the Creative … Continue reading Some Recent Photos

My Conversation with Cas Piancey on ‘Tether: A Stable Discussion’

PART TWO CAN BE FOUND HERE PART THREE CAN BE FOUND HERE PART FOUR CAN BE FOUND HERE https://www.youtube.com/watch?v=mo4ISzWRyqw Cas Piancey, my writing partner and friend, and I are doing several episodes on the history and controversy surrounding Bitfinex and Tether. This episode is mostly focused on the early history of Bitfinex and Tether, leading … Continue reading My Conversation with Cas Piancey on ‘Tether: A Stable Discussion’

The Emotional Experience of Pursuing Frauds

I have been pursuing frauds for the last several years. I love it. However, it can be emotionally taxing to work on this kind of project. First, the entire time you are researching a fraud you feel special. It feels as though you have chanced upon forbidden knowledge, and that feeling is compelling. It can … Continue reading The Emotional Experience of Pursuing Frauds