Justin Bons Accuses Tether of Scam
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Cyber Capital founder Justin BonsCoinGape
•Tether Is A Bigger Scam Than FTX, Says Cyber Capital Founder
61% Informative
Cyber Capital founder Justin Bons claims Tether is a larger scam than FTX and Bernie Madoff combined.
Bons called the stablecoin issuer's alleged scandal the largest fraud in crypto history.
The stablecoin's collapse could mirror Terra Luna’s downfall, Bons warned.
The firm has failed to provide a proper audit since 2015 , leading Bons to label USDT as “counterfeit money”.
Tether, along with Circle and other stablecoin issuers recently blacklisted accounts linked to North Korean hacker group Lazarus .
This reflected the USDT issuer’s commitment to combat illicit activity despite mounting criticism surrounding transparency and legal troubles.
On the other hand, Tether and Circle have been accused of profiting’ from Lazarus Group Hack .
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