Tether Is a Bigger Scam Than FTX, Says Cyber Capital Founder
Justin Bons, founder of Cyber Capital, recently caused an uproar in the crypto community by declaring that Tether is “a bigger scam than FTX.” According to him, Tether’s lack of transparency, especially regarding its reserves, is a major red flag. While FTX imploded due to fraudulent practices, Bons points out that Tether, as the largest stablecoin issuer, could be hiding even more serious risks for the crypto market. He urges investors to be vigilant, suggesting that the bubble could burst at any moment.
