Cantor Fitzgerald chairman claims to personally verify Tether reserves, refuting rumors

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[Cantor Fitzgerald Chairman Claims Personal Verification of Tether Reserves, Refutes Rumors] At the Consensus 2025 conference held in Toronto, Cantor Fitzgerald Chairman Brandon Lutnick stated, "I have personally checked many of their reserves, and we have proven that many rumors are false." He mentioned that in the early stages of working with Tether, there were "many rumors" claiming that Tether did not have sufficient reserves. Lutnick emphasized that although Bloomberg had reported that he interned for Tether in Lugano, Switzerland, he clarified, "That is not true."

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