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Likewise, Tether, a "stablecoin" that was unable to pass an audit for many years as it issued unbacked, unregulated securities while lying and saying that for every dollar they minted, they had a dollar in reserves. Tether now (maybe) has reserves to equal its outstanding coins, so obviously all those years where they made false claims, they weren't lying, merely telling a premature truth:

https://creators.spotify.com/pod/show/cryptocriticscorner/episodes/Tether-wins--Skeptics-lose-the-end-of-an-era-e2rhf5e

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