Tether’s Unfair Contract
Any contract that is published on Ethereum is publicly available on Etherscan and you can see exactly what its doing ‘under the hood’. Tether’s USD-pegged stable-coin has become the 3rd largest cryptocurrency on the planet. As a security analyst, I thought I would look at Tether’s ERC20 smart contract which holds together a 16 billion dollar market… And what I found was quite fishy. This has got to be one of the least fair contracts I have ever read, the smart aspect just makes things worse.
Did you know that each time Tether is traded a small fee is charged, and that they can just change the fees and terms of their contract at any time??? …
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