Tether has shared an asset breakdown with several crypto news outlets. (Archive) It has revealed to us that for every Tether in circulation on March 31st, 2021 they had approximately 3 cents. Obviously it is a little more complicated than that. We know they have to have something else in their reserves. So what is … Continue reading For Every $1 of Tether There Are $0.03 In Cash
Month: May 2021
The 2015 Bitstamp, 2015 Bitfinex, and 2017 Tether Hacks are Connected
Note: An earlier version of this article contained a version of this diagram with a minor typo. Acknowledgements: I would not have been able to complete this as thoroughly as I did without building off existing work. It needs to be pointed out that years ago u/SpeedflyChris (archive) pointed out these same connections. I also … Continue reading The 2015 Bitstamp, 2015 Bitfinex, and 2017 Tether Hacks are Connected