Cyber Capital Founder: Tether Transparency Page' Data Is Questionable, Team Background Worrisome

Justin Bons, founder of Cyber Capital, posted on the X platform that Tether's transparency has been called into question, with the credibility of the data on its “Transparency Page” in doubt, and that the background of the Tether team is a cause for concern, with its founding members involved in Ponzi schemes and gambling cheats, among other scandals. In addition, Tether is closely associated with Bitfinex, whose partner bank Crypto Capital was shut down for money laundering. These factors have led to accusations of market manipulation and even affected the rationality of the market. the suspicion of market manipulation at Tether has heightened concerns about the cryptocurrency space, exposing serious internal corruption and conflicts of interest. bons concludes with a call to be wary of Tether and to look for a more reliable stablecoin.