Well, the fact that you don't understand the difference between an investment bank/primary dealer like Cantor Fitzgerald, and an audit firm (i.e. preferably one of the Big 4 - PWC, Deloitte, E&Y, KPMG) tells me that unfortunately, you do not know the topic nearly as well as you think you do.
Here's a breakdown for anyone interested.
Equating the offhanded remarks of a Jewish investment bank CEO during a media interview with the results of a detailed financial audit by an accredited auditing firm is both hilarious and insane. It's the sort of error that no one with even cursory knowledge of business and finance would make. If this is the basis for your argument that Tether is entirely above board, I find it woefully unconvincing, as would anyone else who isn't completely drunk on the Bitcoin Kool-Aid.
Take a step back and realize that FTX, Sam Bankman-Fried's scam crypto company that spectacularly imploded in 2022,
and which had a ridiculously amateurish and outright fraudulent balance sheet kept in MS Excel, at least actually went to the trouble of appearing legitimate by
hiring third-rate auditors. Despite being a much larger company, Tether won't even submit itself to an actual audit, instead relying on "attestations" (a MUCH less invasive process that is basically just a rubber stamp saying that documents provided to the accounting firm appear legitimate). In other words, an audit is basically, "Give us access to every single bit of your company's financial record keeping and we will comb through it all in search of discrepancies", while an attestation is, "The balance sheet you've provided us appears to be legit, keep up the good work!". Or to make a more salacious analogy, imagine a husband suspected his wife of being unfaithful, so he hired a private investigator to follow her around, and somehow hacked her phone to know her call, text and location history. That would be an audit. On the other hand, an attestation would be him simply asking her, "Honey, are you cheating on me?"
