ALAMEDA, TETHER, and the dirty little secret everyone in crypto knows 🧵
Tether makes the poker chips for the crypto casinos. Sam ran one of the biggest casinos. According to @Protos, he bought the most chips. $36.7 BILLION of them protos.com/tether-papers-…
@ben_mckenzie Are there any reliable sources, I mean not Internet "investigators" or the media protecting SBF?
@ben_mckenzie @Bitfinexed It’s called arbitrage - buy ~$500m usdt @ 1.001 - sell at 1.002 - rinse and repeat
@ben_mckenzie It all stablecoins. The Binance USD isn't much better. Trust equals less risk equals a higher valuation. Binance would do anything they could to make more value out of thin air by raising their trust profile, if they could. But they can't. Instead they show ludicrious reports