---
title: ""A friend of mine, who works in finance, asked me to explain what…"
date: 2020-01-02
source: facebook
type: Archer T. Ships shared a link.
---

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

*January 2, 2020 · Facebook*

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[https://www.kalzumeus.com/2019/10/28/tether-and-bitfinex/](https://www.kalzumeus.com/2019/10/28/tether-and-bitfinex/){target="_blank"}
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\"A friend of mine, who works in finance, asked me to explain what Tether was.\
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Short version: Tether is the internal accounting system for the largest fraud since Madoff.\
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Read on for the long version.\"\
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[https://www.kalzumeus.com/2019/10/28/tether-and-bitfinex/](https://www.kalzumeus.com/2019/10/28/tether-and-bitfinex/){target="_blank"}
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