How have I been wrong? The NYAG and the CFTC have now definitively proven me right.
Letitia James says:
> The OAG’s investigation found that, starting no later than mid-2017, Tether had no access to banking, anywhere in the world, and so for periods of time held no reserves to back tethers in circulation at the rate of one dollar for every tether, contrary to its representations.
The CFTC says:
> As found in the order, Tether held sufficient fiat reserves in its accounts to back USDT tether tokens in circulation for only 27.6% of the days in a 26-month sample time period from 2016 through 2018.
How exactly am I wrong? And please be specific. It's something they paid significant quantities of penalties over.
The shit I've been saying is literally in government PDF form now.
