Tag: schemed

  • FTX, Alameda allegedly schemed to cash in on Tether: lawsuit

    Cryptocurrency trading platform FTX used a Bahamas-based lender, Deltec Bank & Trust Ltd., to secretly create and sell Tether (USDT) stablecoins as part of a profit-making scam, according to a new lawsuit reported by Bloomberg. Alameda Research, FTX’s sister firm, was also named in the lawsuit, which was filed Friday, in a Florida court. Caroline…