hackertube.io

Exposing Tether - Bitcoin's Biggest Secret

Coffeezilla · commentary · Watch on YouTube

CryptographyInvesting & personal financeMedia, journalism & propaganda

What it is

Coffeezilla gives a comprehensive history of Tether, the stablecoin issued by a company controlled by the owners of Bitfinex. He lays out accusations that it is not fully backed.

Why Hacker News recommends it

HN commenters recommend it as the best single, entertaining overview of Tether's dubious history, and cite it when arguing Tether lacks real USD backing.

  • 7 people recommended it
  • 4 different months
  • 1 strong recommendations
  • first 2021, last 2025

What HN commenters said

  1. “one of the most comprehensive (and entertaining) takes on this”

    Comprehensive, entertaining and damning take on Tether.

    paulgb, 2021-06 · Strong recommendation · in “Legal expert says Tether and Binance Coin are likely picks for SEC lawsuit”

  2. “Saw a really good YT video[1] on Tether yesterday. Breaks down all the sketchiness.”

    Breaks down the sketchiness of Tether.

    _fat_santa, 2021-06 · Recommendation · in “Legal expert says Tether and Binance Coin are likely picks for SEC lawsuit”

  3. “This one explains the Tether scam quite nice”

    Explains the Tether scam nicely.

    santamex, 2021-07 · Recommendation · in “Tether executives said to face criminal probe into bank fraud”

  4. “I also really enjoyed the Calacanis podcast with Bitfinex'ed [3] and the Coffeezilla [4].”

    Among recommended resources on Tether.

    arcticbull, 2021-07 · Recommendation · in “Tether executives said to face criminal probe into bank fraud”

  5. “very good video on the history and current state of tether”

    History and current state of Tether.

    yadaeno, 2021-07 · Recommendation · in “Tether executives said to face criminal probe into bank fraud”

  6. “I encourage you to watch Coffeezilla's video about Tether.”

    Reveals shady dealings like borrowing from Bitfinex for audit.

    richbell, 2022-12 · Recommendation · in “Caroline Ellison, CEO of Alameda Research, pleads guilty to seven offences”

  7. “I would recommend watching this video to grasp the scope of their fraud”

    Grasp the scope of Tether's fraud.

    udev4096, 2025-09 · Recommendation · in “Stripe Launches L1 Blockchain: Tempo”

Excerpts from Hacker News comments, linked to the originals. Summaries and labels were written by a language model from those comments.

Topics: tether, stablecoins, bitfinex, crypto fraud, attestations

Also recommended by the same people