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Alex Guimarães - Crypto Use
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Tether is a scam that could devastate the cryptocurrency market, says founder of the largest crypto fund in the world
Justin Bons' criticisms are supported by data and information that suggests that Tether's USDT token may not be fully backed by real reserves.
Tether collapse (image: (MidJourney Livecoins)
Justin Bons, founder of Cyber Capital, Europe's oldest cryptocurrency fund, has harshly criticized Tether, the largest stablecoin on the market, and made serious accusations about the company behind the digital currency.
In a lengthy thread on X (Twitter), the businessman claimed that Tether operates a true scam, bigger than the collapse of FTX and Bernie Madoff's Ponzi scheme combined.
Tether collapse (image: (MidJourney Livecoins)
Justin Bons, founder of Cyber Capital, Europe's oldest cryptocurrency fund, has harshly criticized Tether, the largest stablecoin on the market, and made serious accusations about the company behind the digital currency.
In a lengthy thread on X (Twitter), the businessman claimed that Tether operates a true scam, bigger than the collapse of FTX and Bernie Madoff's Ponzi scheme combined.
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