WSJ: 86% of Tether stock is owned by 4 people

Home / WSJ: 86% of Tether stock is owned by 4 people

According to the Wall Street Journal (WSJ), as of 2018, four people control 86% of Tether.
Tether was created from separate companies led by former plastic surgeon Giancarlo Devasini and former actor Brock Pierce.
Devasini, who helped develop the Bitfinex cryptocurrency exchange and is now its CFO, owned about 43% of Tether.
According to documents, two other Bitfinex and Tether executives, specifically CEO Jean-Louis van der Velde and General Counsel Stuart Hoegner, each hold about 15% of Tether.
The company’s fourth major owner was a businessman with British and Thai citizenship, known as Christopher Harborne in Britain and Chakrit Sakunkrit in Thailand. He controlled about 13% of Tether.
In a tweet after the WSJ article was published, Paolo Aordino, chief technology officer of Bitfinex and Tether, called the article “clownish.”

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