Yes this is because of SVB

  • Melitopol [none/use name]
    ·
    edit-2
    2 years ago

    Tether meanwhile is going fine (because no one knows how much money they have and in what banks). Ignorance is bliss smthn smthn

    • familiar [he/him]
      ·
      2 years ago

      I remember everyone on r/buttcoin rolling their eyes about how obviously scammy tether was in like 2017, yet it's crawling along somehow 5 years later. The grift is unbelievable, not to mention the griftees.

    • silent_water [she/her]
      ·
      2 years ago

      lol I'd be surprised if tether had a penny separate from customer deposits through bitfinex that they haven't had time to lose

      • Mardoniush [she/her]
        ·
        2 years ago

        All your apes can't be gone if you've already sold them, embezzled the cash, and put them in a Swiss bank account in the name of a South Sudanese intermediary.