Tether is laundering money while FTX was embezzling and defrauding money from customers. When we did some digging back in 2017 that is what we discovered about Tether and the various companies that they own. A full audit of Tether still has not been done which is what I was pushing for last year but they are definitely under the microscope now but we still will not find out if they are insolvent or not until some sort of government interaction takes place. At least with fiat we know when the dollar is going to be devalued, with crypto it's just a bunch of scammers and spammers managing these businesses with zero oversight which is why the lawsuits are taking place now.

We need to know these types of things so that we can know not to invest our precious fiat into companies that are just going to steal our money from us like what was done with Mt. Gox and FTX. We also need to know if the companies are at risk of collapse so we know when to trade against/short crypto, take profits, and buy the dip.