Zeke Fox

And Tether got my attention because back in 2021, it had grown bigger than $50 billion, but there was a lot of doubt about whether they had the real money to back all those tokens.

And Tether got my attention because back in 2021, it had grown bigger than $50 billion, but there was a lot of doubt about whether they had the real money to back all those tokens.

Yes. And as I set out to look into this company, everyone in crypto agreed that this was kind of the linchpin of the whole crypto economy. But even people who were big crypto supporters each had their suspicions about Tether. And When I went to look into it, the company that created it was not based anywhere. It was run by a former plastic surgeon from Milan who had never given an interview.

Yes. And as I set out to look into this company, everyone in crypto agreed that this was kind of the linchpin of the whole crypto economy. But even people who were big crypto supporters each had their suspicions about Tether. And When I went to look into it, the company that created it was not based anywhere. It was run by a former plastic surgeon from Milan who had never given an interview.

Yes. And as I set out to look into this company, everyone in crypto agreed that this was kind of the linchpin of the whole crypto economy. But even people who were big crypto supporters each had their suspicions about Tether. And When I went to look into it, the company that created it was not based anywhere. It was run by a former plastic surgeon from Milan who had never given an interview.

One of its other executives was so reclusive that people online speculated that he didn't exist at all. And so I went to go and try and find out definitely. did they really have this money? And it's a journey that took me around the world, but took me to meet Sam Bankman-Fried, who ran the crypto exchange FTX and was one of the biggest users of Tether. And I learned that Tether was used by

One of its other executives was so reclusive that people online speculated that he didn't exist at all. And so I went to go and try and find out definitely. did they really have this money? And it's a journey that took me around the world, but took me to meet Sam Bankman-Fried, who ran the crypto exchange FTX and was one of the biggest users of Tether. And I learned that Tether was used by

One of its other executives was so reclusive that people online speculated that he didn't exist at all. And so I went to go and try and find out definitely. did they really have this money? And it's a journey that took me around the world, but took me to meet Sam Bankman-Fried, who ran the crypto exchange FTX and was one of the biggest users of Tether. And I learned that Tether was used by

All sorts of criminals around the world from the North Korean regime to Mexican drug traffickers to Russia has been using it to circumvent sanctions. How is Howard Letnick connected to Tether? So Tether... Because of its kind of sketchy origins, it had trouble finding banking partners who would hold the money to back it.

All sorts of criminals around the world from the North Korean regime to Mexican drug traffickers to Russia has been using it to circumvent sanctions. How is Howard Letnick connected to Tether? So Tether... Because of its kind of sketchy origins, it had trouble finding banking partners who would hold the money to back it.

All sorts of criminals around the world from the North Korean regime to Mexican drug traffickers to Russia has been using it to circumvent sanctions. How is Howard Letnick connected to Tether? So Tether... Because of its kind of sketchy origins, it had trouble finding banking partners who would hold the money to back it.

And a couple of years ago, they were introduced to Howard Lutnick and his bank, Cantor Fitzgerald. And since then, Lutnick's bank has held what's grown to be most of Tether's $130 billion or so in assets. And those assets are largely invested in Tether. U.S.

And a couple of years ago, they were introduced to Howard Lutnick and his bank, Cantor Fitzgerald. And since then, Lutnick's bank has held what's grown to be most of Tether's $130 billion or so in assets. And those assets are largely invested in Tether. U.S.

And a couple of years ago, they were introduced to Howard Lutnick and his bank, Cantor Fitzgerald. And since then, Lutnick's bank has held what's grown to be most of Tether's $130 billion or so in assets. And those assets are largely invested in Tether. U.S.

Treasury bonds, and that's turned this tether company, which still only employs a few dozen people, into one of the most profitable companies on a per-employee basis in the world. They say they made $10 billion last year, and the former plastic surgeon who's its boss is now one of the richest men in Italy. And none of this would be possible without Lutnick's Bank investing

Treasury bonds, and that's turned this tether company, which still only employs a few dozen people, into one of the most profitable companies on a per-employee basis in the world. They say they made $10 billion last year, and the former plastic surgeon who's its boss is now one of the richest men in Italy. And none of this would be possible without Lutnick's Bank investing

Treasury bonds, and that's turned this tether company, which still only employs a few dozen people, into one of the most profitable companies on a per-employee basis in the world. They say they made $10 billion last year, and the former plastic surgeon who's its boss is now one of the richest men in Italy. And none of this would be possible without Lutnick's Bank investing

holding their reserves and Lutnik coming out and vouching for Tether.

holding their reserves and Lutnik coming out and vouching for Tether.

holding their reserves and Lutnik coming out and vouching for Tether.