On: Binance just transferred 6B Tethers to an unknown ...

[gogopuppygogo]

Stock in Enron was also "worth money" until it wasn't.

[thebean11 → gogopuppygogo]

And stock in Amazon wasn't worth money until it was! Not defending Tether but just naming something unrelated and not even trying to argue similarity is pretty low effort and not compelling.

[gogopuppygogo → thebean11]

Amazon lost money transparently as part of their bid to grow. Tether (like Enron) is concealing the true nature of their losses.

There are also parallels found in other frauds like Bernie Madoffs Ponzi Scheme to the tether fraud.

[charwalker → thebean11]

And both those companies had real word assets to base their valuation on, not just hype and power hungry GPU farms.