Let’s start at the top (or more accurately at the figurehead): Jean Louis Van Der Velde, the CEO of both Bitfinex and Tether is also the executive director for a Hong Kong based Venture Capital Firm. (Archive)
Giancarlo Devasini, the Chief Financial Officer for both Bitfinex and Tether, is a shareholder and director in BlueBit Capital with Silvano di Stephano the Chief Investment Officer for Tether. BlueBit Capital is a cryptocurrency investment fund.
It is unclear why Tether was suing to stop the disclosure of the identity of their CIO when we already know. I guess perhaps they do not want additional attention of BlueBit. It’s especially striking considering that Silvano was on the loan agreement between Bitfinex and Tether.
Paolo Ardoino, the Chief Technology Officer for both Bitfinex and Tether, was a director for Delchain. Delchain is the cryptocurrency focused offshoot of Deltec Bank and Trust, where Tether banks. Importantly Delchain recently launched Fulgur Alpha, (archive) a cryptocurrency hedge fund that they onboarded to Bitfinex.
Claudia Lagorio, the Chief Operating Officer for Bitfinex and Tether, is married to Paolo Ardoino, a director for Delchain.
The only Tether C level executive who I have yet to find a serious conflict of interest for is Leonardo Real, the Chief Compliance Officer.
Ask yourself when was the last time you saw Tether executives or spokespeople pushed about these conflicts of interest, I have seen very little.
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