Okay folks. So the Nortorious NATE, Nate the Great from Hindenberg Research has announced he’s taking on Tether. And as always when Nate speaks, we listen.
Here’s the details:
- He issued a deep 41 page report focusing on the stablecoin.
- The report included filings of fake purchase orders for Tether from the likes of BlackRock, Goldman Sachs, and Carl ICahn.
- Employee pictures were provided of Tether co-founder Brock Pierce on a bender being rolled down a hill in a Nikola Honey Badger.
- And our personal favourite, a photo of Tether’s headquarters, which as it turns out is nothing but a shed full of rat dropping in Jamaica.
We’re just kidding of course, he didn’t issue any of that.
In fact instead of issuing a well-rounded short report, Hindenberg introduced what they refer to as the “Hindenburg Tether Bounty Program,” which promises to reward someone with up to $1.0 million for details on the backing of the stablecoin.
Information for this briefing was found via Hindenburg Research and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.