RE: FTX Was Truly About Politics, Money Laundering and WWIII | This is What I Manged To Find About It

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avatar of @magnacarta
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6 months ago - 1 minutes 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.

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