information about #USDT It's the first time I read it

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.