Reports surfaced Saturday night [2018-01-27] that Tether and their auditor, Friedman LLP, had dissolved their relationship. Due to the weekend, independent confirmation has not been received. Calls to Friedman LLP have gone to voicemail.

It does seem unusual for either company to take such an action without issuing a formal statement, particularly since this would create a firestorm. Many in the crypto community have had concerns about whether Tether truly maintains adequate reserves to redeem all the outstanding tether tokens. The company had hired Friedman LLP to conduct an audit in an effort to resolve the community’s concern.[1]