1. Tether had their actual bank account contents seized. Cash - nothing to do with BTC holdings.
2. There's a big difference between "money gets seized sometimes" and "this shady bank that promises audits but never completes them had half its assets frozen".
Comments
If having a currency seized in legal proceedings makes illegitimate to you then you better switch to seashells.
Also if you get most of your BTC seized you're doing it wrong.
1. Tether had their actual bank account contents seized. Cash - nothing to do with BTC holdings.
2. There's a big difference between "money gets seized sometimes" and "this shady bank that promises audits but never completes them had half its assets frozen".