Tether, the USDT issuer, responded to Bloomberg's report that "FTX's bankruptcy may have an impact on Tether", saying that Tether's relationship with FTX is no different from that of other exchanges. Tether has not borrowed from FTX or Alameda Research, nor has it. special deal. Regulators handling FTX’s bankruptcy case will eventually confirm as much, Tether said. According to Tether, since Genesis, BlockFi, Voyager, Celsius and other institutions have defaulted, institutions holding USDT tend not to lend USDT to reduce the risk of possible default. Tether also stated that there is a lot of information to verify the security of USDT, Tether has also cooperated with the audit agency BDO, and Bloomberg chose to choose to spread rumors and misinformation instead of citing publicly available data.