Tether’s Elusive CEO Has Vanished from Twitter



Key Takeaways

The Twitter account belonging to Tether’s CEO was deleted in the present day.
The deletion occurred shortly after Bloomberg revealed an investigation into the corporate’s USDT reserves.
The CEO’s final assertion learn “keep tuned” which means that the corporate will have interaction with Bloomberg.

Share this text

The Twitter account belonging to Tether’s CEO was deleted in the present day following an issue over the USDT stablecoin.
CEO’s Twitter Account Is Gone
Earlier in the present day, Bloomberg revealed an investigation into the reserves backing Tether’s USDT token. That report concluded that Tether backed the coin with questionable belongings together with Chinese language debt.
Now, the Twitter account belonging to Tether CEO Jan Ludovicus van der Velde has been deleted, both by himself or by somebody with entry to the account.
Van der Velde’s account was beforehand situated underneath the deal with @urwhatuknow. His final tweet, revealed on Oct. 4, continues to be accessible as an archived web page and anticipated the content material of Bloomberg’s article by a number of days. That message reads:
[A]nother monetary enslaved dying journal making an attempt to give you some #Tether FUD to be able to herald some bucks and delay its extinction for a number of extra days, keep tuned…. #dinosaurs
Even earlier than his account was deleted, Van der Velde remained extraordinarily elusive. Some have questioned whether or not the CEO exists or whether or not the title is merely a pseudonym.
Although not less than some media that includes the CEO has been discovered, Van der Velde has largely not engaged with the general public on issues pertaining to Tether and its sister firm Bitfinex.
Does the Deletion Point out Hassle for Tether?
Whereas Tether’s harshest critics imagine that the corporate is getting ready to collapse, it’s unlikely that such an excessive consequence will consequence from Bloomberg’s exposé, particularly provided that Tether has survived numerous controversies up to now.
It’s attainable that Van der Velde’s account was deleted to be able to keep away from battle on Twitter. If Bloomberg’s piece prompted hostile messages, Tether’s CEO could have deleted his account for private causes. In truth, in the present day’s deletion resembles a 2019 incident wherein Craig Wright of Bitcoin SV disappeared from Twitter following an enormous controversy.
But given Van der Velde’s low profile, it appears unlikely that he can be personally focused by anti-Tether teams. Moreover, different Tether executives, resembling CTO Paolo Ardoino, stay lively on Twitter.

Tether Could Retaliate Towards Bloomberg
Right now’s occasions additionally resemble incidents wherein high-profile crypto firms have engaged with mainstream media.
Final 12 months, Coinbase preemptively responded to a New York Occasions article criticizing its racial insurance policies. In one other incident, Binance sued Forbes for defamation over a report on its regulatory techniques.
On this case, it appears possible that Van der Velde (or somebody managing his account) deleted previous statements to be able to put together a clear slate for a struggle towards Bloomberg, as implied in his remaining tweet.
It’s attainable that Tether plans to publicly reply to Bloomberg, or that it plans to problem the media outlet in court docket. The latter risk is merely speculative at this level.
Replace: Tether has responded to Bloomberg on its weblog. This text shall be up to date if additional statements are revealed.
Disclaimer: On the time of penning this writer held lower than $75 of Bitcoin, Ethereum, and altcoins.

This information was dropped at you by Phemex, our most well-liked Derivatives Accomplice.

Share this text

The knowledge on or accessed by way of this web site is obtained from impartial sources we imagine to be correct and dependable, however Decentral Media, Inc. makes no illustration or guarantee as to the timeliness, completeness, or accuracy of any info on or accessed by way of this web site. Decentral Media, Inc. isn’t an funding advisor. We don’t give customized funding recommendation or different monetary recommendation. The knowledge on this web site is topic to alter with out discover. Some or the entire info on this web site could develop into outdated, or it might be or develop into incomplete or inaccurate. We could, however should not obligated to, replace any outdated, incomplete, or inaccurate info.
It is best to by no means make an funding determination on an ICO, IEO, or different funding based mostly on the knowledge on this web site, and it’s best to by no means interpret or in any other case depend on any of the knowledge on this web site as funding recommendation. We strongly advocate that you just seek the advice of a licensed funding advisor or different certified monetary skilled if you’re looking for funding recommendation on an ICO, IEO, or different funding. We don’t settle for compensation in any kind for analyzing or reporting on any ICO, IEO, cryptocurrency, foreign money, tokenized gross sales, securities, or commodities.
See full phrases and situations.

Report Alleges Tether Owns Billions In Chinese language Debt

A Bloomberg report has claimed to have discovered that Tether holds billions of {dollars} price of Chinese language business paper. Bloomberg Investigation Raises New Considerations Right now, Bloomberg BusinessWeek reported that stablecoin…

Tether Executives Face Prison Probe From U.S. DoJ

The world’s largest stablecoin supplier, Tether, is going through a prison probe from the U.S. Division of Justice following allegations that the corporate dedicated financial institution fraud. Tether Investigated for Financial institution Fraud …

Tether Reveals Property Backing USDT

Tether has launched the breakdown of its Consolidated Reserves Report, revealing that almost all of its reserves are manufactured from low-risk, liquid belongings.  Tether Discloses Reserve Property   The disclosure assertion…

What’s Impermanent Loss and How will you keep away from it?

DeFi has given merchants and traders new alternatives to earn on their crypto holdings. Considered one of these methods is by offering liquidity to the Automated Market Makers (AMMs). As an alternative of holding belongings,…