"A friend of mine, who works in finance, asked me to explain what…

 ·  Facebook — Archer T. Ships shared a link.  ·  Markdown source

https://www.kalzumeus.com/2019/10/28/tether-and-bitfinex/
"A friend of mine, who works in finance, asked me to explain what Tether was.

Short version: Tether is the internal accounting system for the largest fraud since Madoff.

Read on for the long version."

https://www.kalzumeus.com/2019/10/28/tether-and-bitfinex/