Tether CEO Confirms Major Capital Raise at a Reported $500b Valuation
Posted4 months agoActive4 months ago
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TetherValuationCapital RaiseCryptocurrency
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Tether
Valuation
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Cryptocurrency
Tether CEO confirms a major capital raise at a reported $500B valuation, sparking skepticism among HN commenters about the company's valuation and business practices.
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It started as a scam (they didn't have the reserves they claimed to have), a money laundering machine and pretty much everything illegal you can imagine, and look at it now - there is a high probability they actually do have reserves now. Hell, the guy who helped them gain the access to the US financial system is now Secretary of Commerce !