Is USDt and Bitfinex manipulating Litecoin (LTC), Ethereum (ETH), and Bitcoin (BTC) prices?

We looked at Tether and USDt recently with some skepticism about a hack that was announced with a specific number of $30 million USDt stolen and isolated to an unauthorized wallet. We advised caution and more research while we waited for further information about the hack which has not come from Tether.

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Now some of the biggest names in crypto currency are even growing concerned about the practices of Tether and USDt which are used as an exchange token and tied to the value of $1. Tether claims each USDt is backed by $1 which maintains the pegged price to USD. Some would like a proper accounting to find out if this is true.

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