Posted on 02/07/2024 11:43:12 AM PST by nickcarraway
Cantor Fitzgerald CEO Howard Lutnick is taking heat over the New York financial giant’s massive investment in Tether – a cryptocurrency popular with terrorist groups including Hamas.
Last month, Lutnick — a fierce supporter of Israel whose brother was among the nearly 3,000 killed in the 9/11 attacks — touted Tether at the World Economic Forum in Davos, Switzerland, reassuring investors that the company’s balance sheet is in order. Lutnick would know. Cantor Fitzgerald manages “many many” of the crypto giant’s reported $86 billion in assets, according to Bloomberg.
“They have the money they say they have,” Lutnick told Bloomberg Television, addressing long-held speculation that Tether’s coin wasn’t backed one-to-one with dollars. Lutnick’s vocal support for Tether raised eyebrows in the wake of Hamas’ deadly terror attack in Israel on Oct. 7.
Three militant groups — Hamas, Palestinian Islamic Jihad and Hezbollah — received $93 million through crypto in the year leading up to the massacre, primarily on Tether, according to a review of Israeli government seizure orders and blockchain analytics reports, the Wall Street Journal reported.
(Excerpt) Read more at nypost.com ...
Jewish CEO.
a cbdc by any other name...etc
This is an incredibly awful comment and duplicitous piece of propaganda.
Its like saying: "Hamas has used US Dollars, so this terrorist group has links to the US Federal Government."
Terrorists also use dollars
Biden provides dollars on pallets.
Ah, left-wing Europe: Russia east.
Oops, somehow replied to wrong section. Never mind. ;-)
A lot of former Cantor brokers were sorry Howard was not in building that morning. He wasnt widely liked by Cantor employees prior to 9/11.
This is a call for common sense cryptocurrency restrictions.
My office had a beloved doorman who got a job at Cantor in the Spring of 2001. He died that day.
Getting angry at a digital currency because some organization (terrorist or otherwise) uses it is silly. Thats like being angry at $100 bills because cartels use them.
In fact, if you want to stop terrorism and the drug trade in their tracks...do an immediate exchange (1:1) for $100 bills at any US bank.
Watch the vermin scramble over THAT.
The whole idea behind crypto currency is that there is zero government involvement.
If you want the government to stop terrorism, there are plenty of ways to do it. Perhaps we could start with Saudi Arabia and Mexico. Or would that be too obvious.
Tether is a $100 Billion behemoth used by tens of millions of people around the world. Terrorists use US dollars too, but you don’t see politicians calling it terrorist money. This is just a cheap attempt by the bankster class to keep people using government-controlled currency rather than seeking freedom from their manipulation and control.
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