Hindenburg Research, a forensic financial research firm announced the launch of the Hindenburg Tether Bounty Program to unveil the Tether reserves scandal. The Program holds rewards up to $1 million for information leading to previously undisclosed details about cryptocurrency “stablecoin” Tether’s backing.
According to Hindenburg Research’s press release, the company believes Tether could be a growing threat to investors. Furthermore, Hindenburg highlighted that transparency is a crucial part of the crypto markets, and the Bounty program will carve a path for exposing Tether.
Hindenburg Research founder, Nathan Anderson said, “We feel strongly that Tether should fully and thoroughly disclose its holdings to the public. In the absence of that disclosure, we are offering a $1,000,000 bounty to anyone who can provide us exclusive detail on Tether’s supposed reserves.”
Tether Reserves Fiasco
Earlier this year, Tether gained Regulatory oversight as the stablecoin’s growth s
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