We know exchanges can currently operate as insolvent fractional reserves, with no oversight to prevent trading against their own customers or using customer deposits to orchestrate coordinated "arbitrage" events across other exchanges.

We know tether has provided billions in loans to FTX and Cumberland [1] to continue the market manipulation that Bitfinex operators Phil Potter and Giancarlo Devasini publicly bragged about. [2]

We know newly printed USDT is used to manipulate BTC markets, with a full academic report published from market data.[3]

We know tether has been insolvent and continues to refuse an audit.[4] [5]

We know FTX and Alameda Research were among the top donors to the Biden campaign. [6]

[1] https://protos.com/tether-minted-usdt-stablecoin-crypto-two-...

[2] https://old.reddit.com/r/Tether/comments/7swyfb/a_collection...

[3] https://www.cftc.gov/PressRoom/PressReleases/8450-21

[4] https://onlinelibrary.wiley.com/doi/full/10.1111/jofi.12903

[5] https://www.bloomberg.com/news/features/2021-10-07/crypto-my...

[6] https://www.opensecrets.org/2020-presidential-race/joe-biden...

a quick search on tiktok for NFT wash trading will show you influencers teaching kids how to create the illusion of value by selling to yourself.

The reason you see NFTs "sold" for 200 ETH but there’s never any real commissions for art is because that would mean actually moving capital to spend on other people…