Stablecoin issuer Tether (USDT) described Hindenburg’s $1 million reward offer as “pathetic” and stated that it will continue to defend crypto markets.
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Financial research firm Hindenburg Research has offered a $1 million reward for information that will reveal previously undisclosed details about Tether’s reserve. Tether described the firm’s rewards program as “a pathetic attempt at attention.”
Nathan Anderson, founder of Hindenburg Research, stated that Tether has failed to make its assets public:
Hindenburg Research is a firm notorious for publishing incriminating research on public companies and exposing their stocks.