The Available Evidence that Tether and Bitfinex Committed Bank Fraud

https://anchor.fm/s/297d9b4/podcast/rss https://youtu.be/thvDG0jXicI Recently Bloomberg reported that several Tether executives (archive) have gotten 'target letters' for bank fraud from the Department of Justice. There is evidence that Tether and Bitfinex may have participated in bank fraud. We have several reasons to believe that Tether may have committed bank fraud starting by this video that was saved … Continue reading The Available Evidence that Tether and Bitfinex Committed Bank Fraud →

Episode 17 – From Skeptic to Believer: Preston Byrne on the cryptocurrency ecosystem — Crypto Critics’ Corner

https://cryptocriticscorner.com/2021/07/26/episode-17-from-skeptic-to-believer-preston-byrne-on-the-cryptocurrency-ecosystem/ https://anchor.fm/s/4fa795b4/podcast/rss https://youtu.be/W6H-w25n5bg In this episode Cas and I are joined by Preston Byrne of Anderson Kill Law to discuss stablecoins, his perspective on crypto, and the interplay between regulation and decentralized finance. AnchorSpotifyAppleGoogleOvercastRSS Feed You can find Preston’s Twitter here.

Episode 16 – Stablecoins, CBDCs, and the STABLE Act with Rohan Grey — Crypto Critics’ Corner

https://cryptocriticscorner.com/2021/07/21/episode-16-stablecoins-cbdcs-and-the-stable-act-with-rohan-grey/ https://anchor.fm/s/4fa795b4/podcast/rss https://youtu.be/6WGAG5TAz-A In this episode Cas and I are joined by Rohan Grey, Assistant Professor at Willamette Law and one of the creators of the STABLE Act to discuss money transmitters, stablecoins, CBDCs, and the STABLE Act. AnchorSpotifyAppleGoogleOvercastRSS Feed You can find Rohan’s Twitter here.

Episode 15 – Revisiting Enron with David Z Morris — Crypto Critics’ Corner

https://cryptocriticscorner.com/2021/07/19/episode-15-revisiting-enron-with-david-z-morris/ https://anchor.fm/s/4fa795b4/podcast/rss https://youtu.be/vOw-GG7XOsk In this episode Cas and I are joined by David Z Morris of Coindesk to discuss Enron and how we think this relates to the current cryptocurrency ecosystem. AnchorSpotifyAppleGoogleOvercastRSS Feed You can find David’s Twitter here, his Substack here, and his book here. (Note: this is an affiliate link which helps support my work.)

Sunday Reads – Things I Found Interesting 2021-07-18

Stablecoins Janet Yellen is getting together a whole bunch of regulators and law enforcement to figure out what the heck is happening with stablecoins. ICYMI I was able to go on the Grant William's Podcast to discuss Bitfinex and Tether and he has also made his report on Tether and Bitfinex freely available. https://bennettftomlin.com/2021/07/11/my-appearance-on-the-grant-williams-podcast/ In … Continue reading Sunday Reads – Things I Found Interesting 2021-07-18 →

A History of Tether and Bitfinex’s Audits, Attestations, Memos, and Letters: Both Promised and Actual

https://anchor.fm/s/297d9b4/podcast/rss/ https://www.youtube.com/watch?v=E_eVGsVW6ZM Amidst all the confusion surrounding Tether and Bitfinex it can be difficult to keep track of what they have actually provided in terms of audits, attestations, and other documents to support their contentions. Here I will summarize, but the important note that needs to be included at the top is that both Bitfinex … Continue reading A History of Tether and Bitfinex’s Audits, Attestations, Memos, and Letters: Both Promised and Actual →

The Unsolvable Problem in Tether’s Reserves

Tether is extraordinarily large and has very little cash. Approximately half of their reserves are in commercial paper that we know very little about. However, the strange thing to me is that it seems like they could be an extraordinarily profitable business, even if their reserves were massively less risky. There are currently 62.5 billion … Continue reading The Unsolvable Problem in Tether’s Reserves →

Episode 14 – Behold the Brash Bunk from Bitfinex and Binance — Crypto Critics’ Corner

https://cryptocriticscorner.com/2021/07/12/episode-13-behold-the-brash-bunk-from-bitfinex-and-binance/ https://anchor.fm/s/4fa795b4/podcast/rss https://youtu.be/wGL2NUXXjCA In this episode Cas and I discuss his investigative work to check out the addresses for Bitfinex and Tether. AnchorSpotifyAppleGoogleOvercastRSS Feed You can read Cas’ article on this here.

Sunday Reads – Things I Found Interesting 2021-07-11

Binance https://twitter.com/BennettTomlin/status/1413270421114433540?s=20 Binance in their continual journey to be simultaneously everywhere and nowhere has ended up right back where they started, in Hong Kong. TrueUSD I am still worried about the fact that we have yet to get more information from TrueUSD about their acquisition or when attestations may resume. Cas covered it months ago … Continue reading Sunday Reads – Things I Found Interesting 2021-07-11 →

Periods Where We Definitively Know Tether Was Unbacked

There are still some who claim that Tether has always been fully backed. I have already shown that is not true: https://bennettftomlin.com/2021/06/04/a-simple-deductive-argument-proving-there-were-unbacked-tethers/ In this post I will summarize the periods where we have sufficient evidence to know for certain that they were unbacked. Thanks to the NYAG settlement we know that there were unbacked Tethers … Continue reading Periods Where We Definitively Know Tether Was Unbacked →