Tether, the US dollar-denominated currency company, has announced that it has resolved its relationship with the firm, "Friedman LLP". The statement by the company's spokesman to the website "CoinDesk" on Saturday evening confirmed suspicions of spies on the Internet, doubts that are likely to raise new questions about the company's finances.
Friedman was working closely with Tether, who has close ties to the BitFinex platform. Critics of the two companies, most notably the blogger Bitfinex'd, claimed that Tether was printing the currency from nothing to increase the price of the bacon on the stock exchange. Where it was not clear from the statement of the spokesman "Tether" which was sent by e-mail, who cut off the relationship with who. The statement reads as follows:
"We confirm that the relationship with Friedman has been resolved. Because of the overly detailed procedures in which Friedman was acting on Tether's relatively simple balance sheet, it became clear that the audit would be unattainable within a reasonable time frame. As Tether is the first company in the field where this process is practiced and followed this level of transparency, there is no precedent to guide the process nor any benchmark to measure its success "
Digital currency fans on Twitter raised doubts about the status of the relationship last week, noting that Friedman had dropped the name Bitfinex from the list of customers on the website of the auditing company. Where Friedman did not respond to calls and emails from the CoinDesk website during the week
In an initial report issued in September, Friedman said that Tether had $ 442.9 million in reserve funds, which is equivalent to the issuance of the USDT but this valuation was not fully audited and contained several warnings .