You raise a lot of good points. A lot of people (both tech and finance peeps) are freaking out over Tether - seeing it not just as a single, isolated incident, but as something that could take down the whole crypto space. Like this WIRED article: https://www.wired.com/story/why-tethers-collapse-would-be-bad-for-cryptocurrencies/. It's helpful that you have an auditing/finance background. When you know what companies "should" be doing and what companies "could" be doing, it makes it much easier to see how Tether is doing neither. Being in the crypto space shouldn't give anyone carte blance to flout basic common sense.