Cantor Fitzgerald chairman claims to personally verify Tether reserves, refuting rumors

GateUser-6433627c · 2025-05-14T22:05:47+00:00

Brandon Lutnick, the Chairman of Cantor Fitzgerald, personally verified Tether's reserves at the Consensus 2025 conference and refuted the rumors about Tether's insufficient reserves. He stated that his personal inspection proved these rumors to be false, emphasized that the previous claims about Tether's inadequate reserves were unfounded, and clarified that he did not intern for Tether in Switzerland.

GateUser-6433627c

2025-05-14 22:05:47

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[Cantor Fitzgerald Chairman Claims Personal Verification of Tether Reserves, Refutes Rumors] At the Consensus 2025 conference held in Toronto, Cantor Fitzgerald Chairman Brandon Lutnick stated, “I have personally checked many of their reserves, and we have proven that many rumors are false.” He mentioned that in the early stages of working with Tether, there were “many rumors” claiming that Tether did not have sufficient reserves. Lutnick emphasized that although Bloomberg had reported that he interned for Tether in Lugano, Switzerland, he clarified, “That is not true.”

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