Posts
RE: FTX Was Truly About Politics, Money Laundering and WWIII | This is What I Manged To Find About It
25
@magnacarta
··
0 views
1 min read
I have heard that FTX was used for money laundering operations, especially concerning Ukraine. I don't doubt this, although I still don't understand FTX's role in this particular case of money laundering.
What I do know is that a majority of the Tether (USDT) ever minted was owned or passed through FTX & Alameda Research. If Tether had a shaky reputation before this scandal, then FTX is essentially the kiss of death for Tether. However, Tether may survive for the same reason FTX was allowed to exist: it was a tool for many behind-the-scenes players.
Posted Using LeoFinance Beta