Tether declares no FTX and Alameda-related risks, BUSD/USDT sees recent high price discrepancy

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Tether declares no FTX and Alameda-related risks, BUSD/USDT sees recent high price discrepancy

On 11/9, the USDT issuing company Tether issued a statement stating that "Tether has absolutely no loans to FTX or Alameda Research. Tether has no relationship with Alameda Research or FTX." However, currently there is a price difference in USDT, and the 3pool liquidity ratio is imbalanced.

BUSD/USDT Price Spread Reaches Recent High

However, there is currently a high exchange rate of 1:1.0137 on Binance Exchange, marking the highest point since May of this year:

Netizens Analyze Significant Increase in 3pool USDT Ratio

According to @parsec_finance's analysis, this is due to someone, believed to be the attacker of Mango, shorting USDT, leading to a significant increase in the USDT ratio in the 3pool to 70%. As of the time of writing, USDT has increased to 84.96%.

Some institutions have already expressed caution: