Great article. As an auditor myself I agree with the points that you've raised. Sounds like Tether management has no qualms about making untrue public statements which seems to indicate that their whole business model is fraudulent.
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there is nobody to hold them accountable, so what do they have to lose by making stuff up?
Yes. This is why at least some regulation needs to exist on crypto. Especially for coins with a backing organisation and ICO's. The bigger, decentralised coins may not need them but it's difficult to outright prevent fraud without some rules in place.