There are millions of Bobs, all around the world. Many of them are leveraged up to their eyeballs in Tether on unbanked exchanges. Thousands more are buying into the trade every day. And almost all of them are going to lose their money when it all comes crashing down.
This would be bad enough in ordinary times. But during a pandemic, it’s catastrophic. Huge amounts of value for millions people will be wiped out — individuals, families, and the most vulnerable among us will be ruined at the worst possible time. This isn’t a game: the human pain will be immense. And the longer the fraud goes on, the more that pain will grow.
I wrote this to stop it.