Alameda Minted $40 Billion of Tether USDT in Shady Deals With FTX, Details | Headlines | News | CoinMarketCap
10/10/2023 12:11
Director of Coinbase Conor Grogan has shed some light on some shady operations at FTX and its sister company Alameda Research over the minting of …
CoinGape12 minutes ago
Minted
Billion
Published on October 10, 2023 04:56 GMT+00:00edited on October 10, 2023 05:01 GMT+00:00
Director of Coinbase Conor Grogan has shed some light on some shady operations at FTX and its sister company Alameda Research over the minting of Tether’s USDT stablecoin. According to on-chain data, Alameda was responsible for creating $39.55 billion worth of USDT, which accounts for approximately 47% of Tether’s current circulating supply. A prior report
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