News about Terry Semel

Tether, the crypto currency that has escaped after carnage wreaked havoc on the crypto market, is now focusing on a new weak spot in the wild world of digital currency markets. Brock Pierce, 41, a former Disney child actor turned Bitcoin billionaire with a rocky history that includes relationships with convicted sex predators and convicts like Jeffrey Epstein Steve Bannon, is the company's improvable origin story. Pierce has resurgent himself as a politician with two failed attempts for public office, first in 2020 for the president and then as an outsider for Senator of Vermont. Tether is now managed by two elusive executives with questionable histories. One is an Italian plastic surgeon who was once sued by Microsoft for releasing fake software. The other is a Hong Kong-based Dutchman who has never been granted an interview or publicly discussed a topic. Little details are known about their banking activities, other than a significant amount of their financial reserves being held in a Bahamian bank controlled by Inspector Gadget, the cartoon's creator. Regulators and observers are concerned that Tether, the cryptocurrency ecosystem's "lifeblood," may lead to a bank run that will spread to non-crypto markets. If the trolls are correct, and Tether is a Ponzi scheme,' one analyst for Bloomberg said, it will be larger than Bernie Madoff's.'