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Is BTC Being Manipulated? Tether Accused of Minting Millions of Dollars in Unbacked USDT to Artificially Pump BTC

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Tether is in the spotlight of the community, after being accused – once again – of using its influence to manipulate BTC prices through the fraudulent issuance of millions of dollars in USDT last week.

A recent set of tweets by the popular CT account Bitfinex’ed accuse Tether of issuing millions of USDT without any collateral, with the intention to support “fictitious” purchases of the token to drive up its prices.

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