Tether SCAM is real

Thats a interesting quote- why don't we have a look at these "terms of service" from which you reference.

"PURCHASE AND REDEMPTION OF TETHERS: The Site is an environment for the purchase and redemption of Tethers. Once you have Tethers, you can trade them, keep them, or use them to pay persons that will accept your Tethers. However, Tethers are not money and are not monetary instruments. They are also not stored value or currency. There is no contractual right or other right or legal claim against us to redeem or exchange your Tethers for money. We do not guarantee any right of redemption or exchange of Tethers by us for money. There is no guarantee against losses when you buy, trade, sell, or redeem Tethers."

Additionally- tether has never released an audit of their accounts. The only thing they have released is a table with redacted banks which they called a memo. Literally I could've typed it up in Microsoft Excel. In their site it also states that:

"Our reserve holdings are published daily and subject to frequent professional audits." - Tethers Front Page, Something that has never occurred.

And to top it all off. If you own tether in a Tether wallet right now, you cannot withdraw your funds as they've freezed all accounts at the moment due to a mystery "hack" that they havent spoken about in over three weeks. Its pretty hard to redeem those tethers when there is no way to actually redeem them.

/r/CryptoCurrency Thread Parent