USDT is minted for crypto as $1M bounty

CRYPTO SIGNALS _ Hindenburg Research is offering a $1 million bounty for information on Tether’s reserves, with the firm stating that Tether is yet to disclose virtually anything “about its counterparties.

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That backing just got a little bit murker, after Celsius Network CEO Alex Mashinsky reportedly said that Tether mints new USDT in exchange for crypto assets — which appears to conflict with Tether’s own terms and conditions.

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“Forensic financial research” firm Hindenburg Research tweeted on Oct. 20 to its 171K followers that it holds “doubts about the legitimacy of Tether,” and offered a reward of up to $1 million for important details on Tether’s reserves which it claims could pose a threat to investors on a “systemic” scale. daily telegram crypto signals

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USDT is minted for crypto as $1M bounty

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