Tether Hits out at Hindenburg Research’s ‘Pathetic’ USD 1M Bounty Offer
The investment research firm and short-seller Hindenburg Research has offered a USD 1m reward for information on how the tether (USDT) stablecoin is actually pegged to the United States dollar, and data on how Tether’s deposits actually work. In a strongly worded response, Tether called the “bounty” “cynical,” and called Hindenburg’s announcement “a pathetic bid for attention.”
Hindenburg, which has previously targeted the likes of the Chinese automaker Kandi and the healthcare provider Clover Health among other major firms, claims that it had “doubts about the legitimacy of tether” – which was recently the subject of what it labeled an “outlandish” report from Bloomberg Businessweek.
In its own statement, Hindenburg wrote that it had decided
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