Tether’s Bank Says It Invests Some Customer Funds in Bitcoin

Following the publication of this article, an attorney for Deltec, Elisa D’Amico, a partner at K&L Gates LLP, said, “While some of the bank’s customer investment portfolios hold positions in bitcoin products, this is limited mostly to high-net-worth individuals and External Asset Management. In addition, Mr. Hugo Rogers’s statement in the video regarding the investment strategies for some clients had no relation whatsoever to Tether’s depositary assets with Deltec and, in fact, made no reference to Tether at all.”