Doc7505
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BREAKING: FTX, Tether, the CIA, Drug Cartels and Ukraine
BREAKING: FTX, Tether, the CIA, Drug Cartels and Ukraine | The Gateway Pundit | by Joe Hoft
The FTX scandal is only getting started. Another cryptocurrency by the name of Tether is also on the brink of failing and both FTX and Tether appear to have been tools of the Deep State. A week ago TGP reported that FTX was used as a money laundering scheme in Ukraine where money sent there...
www.thegatewaypundit.com
The FTX scandal is only getting started. Another cryptocurrency by the name of Tether is also on the brink of failing and both FTX and Tether appear to have been tools of the Deep State.
A week ago TGP reported that FTX was used as a money laundering scheme in Ukraine where money sent there was sent back to US politicians.
Revolver added more to this story overnight. In a lengthy article, Revolver notes first that FTX may not be the largest cryptocurrency-related entity to collapse in the coming months. Another crypto by the name of “Tether” or USDT is also in big trouble.
USDT, or Tether, is what is known as a “stablecoin.” A stablecoin is a cryptocurrency that, instead of fluctuating in value, is intended to hold to a consistent price. Tether is a USD stablecoin — each Tether is supposed to be equal in value to one U.S. dollar. While most cryptocurrencies are wildly speculative and backed by essentially nothing, each Tether is supposed to be backed directly by a U.S. dollar, or an extremely liquid, reliable investment like a U.S. treasury bond….
…Tether has the third highest market cap of any crypto currency at $66 billion, trailing only Bitcoin and Ethereum. Today, fully half of all bitcoin trades globally are executed using Tether.
Revolver goes on to report that Alameda Research was one of two firms responsible for “seeping” Tether into the crypto ecosystem.~Snip~
Revolver sums it up like this:
It’s important to state what is happening if Tether is not actually backed by the dollars that it claims. If Tether Limited is pumping out new Tethers without actually taking in an equal amount of USD, then it is essentially a privately-run money printer.
~Snip~Revolver goes on to describe the close relationship between Tether and FTX. What really is going on?
Commentary:
Let;s start with: "don't put anything past the Dem's," and you know where to start.
Imagine a scam so diabolical of using a currency based on absolutely nothing to rob people of billions of their own fiat currency.
Oh wait a minute....
Calm down folks, Merrick Garland and Christopher Wray will get right on it, just as soon as they finish investigating Melania's underwear, solving the noose in the Obama building site and Hunter's laptop.
So basically,
We;ve been right about Ukraine being a money laundering blackhole all along, even when it was clearly obvious.
And some of you called us "Putin's Puppets" for suggesting this.
FTX Lost $3.7 Billion in 2021 - In Bankruptcy Filing It Hides the Names of Its Unsecured Creditors Who Are Owed $3.1 Billion | The Gateway Pundit | by Joe Hoft
FTX reported a $3.7 BILLION loss in its 2021 tax return. Also, its unsecured creditors are redacted in the company’s bankruptcy filing and they are owed an additional $3.1 BILLION.
www.thegatewaypundit.com
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