The head of the financial company Cantor Fitzgerald – Brandon Lutnick – said that he personally checked Tether reserves at the beginning of the partnership of firms. This was reported by Coindesk with reference to the statement of Lutnik at the Conference Consensus 2025.
At the beginning of cooperation between the Cantor Fitzgerald and Tether, according to Lutnik, there were numerous rumors about the insufficient support of the company with assets. The crypto community actively discussed the possible deficiency of Tether reserves and doubts about its financial transparency, the report said.
In particular, in 2019, New York Prosecutor General Leticia James accused the company of a lack of almost $ 1 billion on balance. In the end, Tether and its nursing company Bitfinex reached the settlement with the regulator, noted in Coindesk.
The expert also denied the information published by Bloomberg that in 2023 he allegedly took an internship in Tether in the Swiss Lugano. According to him, this is not true.
However, the head of the Cantor Fitzgerald noted that he learned a lot about cryptocurrencies from the Tether team.
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Source: Cryptocurrency
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