In July, Howard Lutnick, the pugnacious boss of broker Cantor Fitzgerald, regaled an audience of crypto devotees in Nashville with tales of his early days exploring the world of digital currencies.
“I met every criminal who’s now in prison,” the 63-year-old joked, referring to his encounters with various youthful crypto executives now serving lengthy jail sentences for fraud. “And then,” he said, “I met the people who owned Tether.”
In contrast to other industry players, Lutnick said, Tether’s co-founder Giancarlo Devasini, an Italian-born former plastic surgeon, was able to prove he was running a legitimate business.
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