Odaily Planet Daily News At the Consensus 2025 conference held in Toronto, Cantor Fitzgerald Chairman Brandon Lutnick stated: "I personally checked many of their reserves, and we have proven that many rumors are false." He mentioned that during the early cooperation with Tether, there were "many rumors" claiming that Tether did not have sufficient reserves. Lutnick emphasized that although Bloomberg reported that he had interned for Tether in Lugano, Switzerland, he clarified: "That's not true."