Tether’s shareholders contributes to lingering skepticism
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Nov 26
Tether’s secretive shareholders and foreign bank accounts have contributed to lingering skepticism about the company’s financial stability. Concerns have been raised that Tether, through Alameda, was one of FTX’s main trading partners, which could suggest that the stablecoin has links to FTX’s fraudulent activities that have not been uncovered yet. Farmington’s deposits had been hovering around $10 million over the previous decade before the purchase. However, deposits at the bank increased b...
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