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The attorney said Tether's reserves are "unaudited, unconfirmed and therefore dubious."

Unsuspecting HitBTC users have lost $15 million in BTC, ETH and other cryptos to a phishing scammers since June last year.

John Reed Stark, a seasoned lawyer who once served as an esteemed member of the U.S. Securities and Exchange Commission (SEC), has boldly voiced his grave concerns regarding the renowned cryptocurrency known as Tether.

BTC could see green as USDT's firm Tether continues to invest in Bitcoin. Holders stay positive about BTC but miners turn skeptical.

Tether, the popular stablecoin issuer, made headlines in Q1 2023 as it utilized a portion of its profits to acquire a significant amount of Bitcoins. With the stablecoin's accumulation strategy and pace, experts speculate that Tether could potentially outpace industry heavyweight MicroStrategy.

John Reed Stark, a former U.S. Securities and Exchange Commission (SEC) lawyer, has raised serious concerns about the popular cryptocurrency Tether, accusing it of being a "counterfeiter."

USDT's market cap has increased by nearly 25% since the beginning of the year.

Tether (USDT), the world's largest stablecoin by market capitalization, was one of the dollar-pegged cryptocurrencies to have been affected by the collapse of the Terra ecosystem. Now – a year later, the stablecoin has reclaimed its stable dollar peg and boasts one of the deepest reserves in the cryptocurrency industry.

Gabor Gurbacs, a well-known figure in the cryptocurrency sphere and the founder of PointsVille, has voiced his insights on the role of precious metals within Tether's financial strategy.

Cryptocurrency veteran Gabor Gurbacs, founder of the PointsVille service and long-term director of digital assets strategy in VanEck, shared his thoughts on the role of precious metals in Tether's strategy.

The third-largest asset in market cap has maintained its lead in stablecoin adoption. Notwithstanding happenings on host blockchains differed.

Despite several U.S. dollar-pegged digital tokens experiencing notable redemptions in recent months, the largest stablecoin by market valuation, tether, is on the verge of achieving its highest-ever market capitalization. With a current value of $82.84 billion, tether is a mere $433 million shy of reaching its all-time high (ATH) set on May 8, 2022.

Tether bought over 52,000 Bitcoin using excess reserves in Q1 2023.

Tether's excess USDT reserves reached an all-time high of $2.44 billion, reflecting an increase of $1.48 billion from Q4 2022.

Former US Securities and Exchange Commission (SEC) official John Reed Stark has issued a warning about Tether, the world's largest stablecoin emitter, USDT. In his opinion, Tether could be the next domino to fall, and its promise of transparency and audits may not be enough to prevent that from happening.

One former SEC official has denounced the stablecoin Tether as a “mammoth house of cards” in light of patterns of behavior that raise concerns about its reserves and reporting.

Tether continues to dominate the stablecoin market with a market cap of over $82 billion and is currently the third-largest cryptocurrency by market cap.

Tether's Q1 net profit doubles to $1.48 billion, with Bitcoin and gold holdings now detailed in its reserves report.

It recently released its first quarterly report for 2023, which showed a record net profit of $1.48 billion, thanks to which the company increased its surplus reserves to $2.44 billion, another historic record.

The company's total assets touched $81.8 billion. It held about $2.44 billion in excess reserves.

The world's leading stablecoin issuer Tether claims that its excess USDT reserves have reached an all-time high.

Tether, the issuer of the USDT stablecoin, reported a profit of $1.48 billion in the first quarter of 2023, according to its latest assurance report.

Stablecoin issuer Tether (USDT) is reporting nearly $1.5 billion in profits during Q1 alone while also revealing new details from its reserves. According to a new attestation report by the firm, Tether closed the first quarter of the year with a total of $81.

The financial advisory and accounting firm also revealed that Tether held roughly $3.4 billion worth of precious metals.