Tether Hits out at Hindenburg Research's 'Pathetic' USD 1M Bounty Offer

The investment research firm and short-seller Hindenburg Research has offered a USD 1m reward for information on how the tether (USDT) stablecoin is actually pegged to the United States dollar, and data on how Tether's deposits actually work. In a strongly worded response, Tether called the "bounty" "cynical," and called Hindenburg's announcement "a pathetic bid for attention."...