Cantor Fitzgerald Chairman: Personally verified Tether's reserves during the early stages of cooperation

According to Foresight News, as reported by CoinDesk, Cantor Fitzgerald Chairman Brandon Lutnick stated that during the initial cooperation with Tether, he personally verified the reserve situation of the stablecoin issuer. Previously, in 2019, the New York Attorney General accused Tether of having a funding shortfall of nearly $1 billion, but the two parties subsequently reached a settlement. Brandon Lutnick became the Chairman of Cantor Fitzgerald in February 2025, and his father Howard Lutnick was appointed by Trump as the Secretary of Commerce of the United States. It denied media reports about its internship at Tether in 2023, but admitted to learning cryptocurrency knowledge from the Tether team.