Folks, here it is, an easier to read explanation of how #Tether and #JustinSun setup a scammy blockchain to inject $40B in fake $USD into the cryptocurrency economy. It's still not the best I could write - it's a first draft - but it'll do for now.
cryptadamus.substack.com/p/the-tetherer…
cryptadamus.substack.com/p/the-tetherer…
suddenly all these sock puppets comin' at me... must be right over the target. 
@tavit_ makes an amazingly good point. some of the redemptions maybe ARE real. but that $1B one from AEX / Hoo is obviously not real. and a bunch of the others are also not real.
https://twitter.com/tavit_/status/1545012064929849344
Here's the original thread wherein I livetweeted figuring this out with @crasl7. it's a bit of a disaster in there but also an interesting detective story.
https://twitter.com/Cryptadamist/status/1544863492326449154
thank you u/tabbynat for sending me these links explaining that tether actually does - nay, ADVERTISES that they do - exactly what is described here!
cryptobriefing.com/tether-can-fre…
cryptobriefing.com/tether-can-fre…
Maybe let's look at... tether's own documentation?
mic dropped
(nothing else to put in my 280 allotment so thx @crasl7 @defipaca @BennettTomlin @tavit_ @ahcastor @davidgerard @molly0xFFF @ZekeFaux @FatManTerra @dirtybubblemed3 and course... @otteroooo!)
tether.to/en/tether-toke…
mic dropped
(nothing else to put in my 280 allotment so thx @crasl7 @defipaca @BennettTomlin @tavit_ @ahcastor @davidgerard @molly0xFFF @ZekeFaux @FatManTerra @dirtybubblemed3 and course... @otteroooo!)
tether.to/en/tether-toke…
I'm gonna focus for a sec on what @tavit_. Look at what Paolo Scaramouche (#Tether) said - $7B redemptions they met!
Well we can be sure $1B of that was a lie, like so many other lies that are going to catch up with these dangerous morons.
What a joke.
Well we can be sure $1B of that was a lie, like so many other lies that are going to catch up with these dangerous morons.
What a joke.
https://twitter.com/paoloardoino/status/1541418830626447360
i have updated the Substack so it's easier to follow.
ps if i ever had doubts about any of what i wrote, let me just say that the sheer number of sock puppets showing up on my social media right now has convinced me i am 100% over the target.
look 👇
ps if i ever had doubts about any of what i wrote, let me just say that the sheer number of sock puppets showing up on my social media right now has convinced me i am 100% over the target.
look 👇
https://twitter.com/mrdavidnately/status/1544997675631771649
Someone just asked me how sure I was that Tether did a massive burn of $1B from the #Tether wallet at that time.
🎤👇
🎤👇
https://twitter.com/paoloardoino/status/1537768592166506496
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