Cyber Capital Founder: Questions Tether's "Transparency Page" Data Credibility, Expresses Concerns About Team Background
According to Golden Finance, Justin Bons, founder of Cyber Capital, posted on X platform, questioning Tether's transparency. He raised doubts about the credibility of the data on its "transparency page." The background of the Tether team is also concerning, with founding members involved in scandals like Ponzi schemes and gambling fraud. Moreover, Tether has a close relationship with Bitfinex, whose partner bank, Crypto Capital, was shut down due to money laundering investigations. These factors have led to accusations of market manipulation by Tether, even influencing market rationality. The suspicions surrounding Tether's market manipulation have heightened concerns about the cryptocurrency space, exposing serious internal corruption and conflicts of interest. Bons concludes by urging caution regarding Tether and encouraging the search for more reliable stablecoins.