Justin Bons, founder of Cyber Capital, wrote on the X platform that Tether's transparency is in question, and the credibility of its "transparency page" data is in doubt. The background of the Tether team is worrying, and the founding members have been involved in scandals such as Ponzi schemes and gambling cheating. In addition, Tether is closely related to Bitfinex, and Crypto Capital, a partner bank of Bitfinex, has been seized for money laundering. These factors have led to Tether being accused of market manipulation, and even affecting the rationality of the market. The suspicion of market manipulation by Tether has exacerbated concerns about the cryptocurrency sector, exposing serious internal corruption and conflicts of interest. Bons finally called for vigilance against Tether and the search for more reliable stablecoins.