FTX CEO does not even give damn about his own hair so how is he gonna give a damn about customer assets. The Bahamas regulators indeed have frozen the assets
here and rightly so.
USDT is no better. The Bahamas regulators should tell USDT to find banking outside the island asap. People blindly believe in USDT and they offer no audited financials yet - just excuses after excuses
. I drove past their bank here in Bahamas (Deltec Bank) btw. You can read about it in below thread.
https://www.offshorecorptalk.com/threads/deltec-bank.37831/#post-219272
We had our fair share of exchange about this, but since you bring it up I also feel free to repeat my points. I am not endorsing USDT, currently do not hold any (only form of safe fiat in my view is usd in
cash bills).
But we gotta put things into perspective.
People do not believe blindly in USDT at all. It is by far one of the most bashed, trashed and hated project, and they got shat on for years (not months or days like other projects, but years).
As we know, being audited does not prove anything and is even more counterproductive.
Credit suisse joins the ranks (most prob had a secret bailout by the fed).
And now guys, hold on to your seat, FTX was regulated as well and audited
double lol
https://help.ftx.com/hc/en-us/articles/360031171351-Security-Policy"Financial Audit
FTX has successfully undergone a US GAAP financial audit for 2021 and plans to continue undergoing regular audits.
"
What more of a joke do audits mean? They can be discarded as pretty much useless again.
Also Wirecard was audited and and and.
Whereas USDT did pass every (!) market test they had so far. Still running fine and I can redeem for 1usd.
In May/June there was even a stable coin crisis (a crisis in their house basically, bc everyone thought all stables are made equally), not a single blip only some price swings (but I could again redeem at 1$).
I wonder when and what is needed for them to go down?
.
