Alameda Minted $40 Billion of Tether USDT in Shady Deals With FTX, Details

Director of Coinbase Conor Grogan has shed some light on some shady operations at FTX and its sister company Alameda Research over the minting of Tether’s USDT stablecoin. According to on-chain data, Alameda was responsible for creating $39.55 billion worth of USDT, which accounts for approximately 47% of Tether’s current circulating supply. A prior report

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