Tether Is A Bigger Scam Than FTX, Says Cyber Capital Founder

In an explosive thread on X, Cyber Capital founder Justin Bons accused Tether of being the largest fraud in crypto history. He believes that the stablecoin issuer’s alleged scandal has surpassed the scandals of both FTX and Bernie Madoff. Bons warned that Tether’s lack of transparency and failure to conduct a proper audit make it a significant threat to the crypto market.