Tether: FTX's bankruptcy has had no impact on Tether, Bloomberg's report is inaccurate

2022-12-14 23:33:05

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ChainCatcher news, Tether, the issuer of USDT, responded to Bloomberg's report "FTX bankruptcy may affect Tether" by stating that Tether's relationship with FTX is no different from its relationships with other exchanges. Tether did not loan any funds to FTX or Alameda Research, nor does it have any special transactions with them. Tether stated that the regulatory authorities handling the FTX bankruptcy case will ultimately confirm this. Tether mentioned that due to defaults from institutions like Genesis, BlockFi, Voyager, and Celsius, institutions holding USDT tend to avoid lending USDT to reduce potential default risks.

Tether also stated that there is a lot of information available to verify the safety of USDT, and Tether has collaborated with the auditing firm BDO. Bloomberg's choice to spread rumors and misinformation instead of citing publicly available data is a very reckless act. (Source link)

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