Utopia | Ep 1

Tether is a crypto coin that holds up the entire cryptocurrency industry but no one has seen the money it claims to have in the bank. For every Tether that exists- and there are over 70 billion of them- a dollar should sit in a bank somewhere- but where? A little-known company that specialises in financial detective work has offered reporter Aleks Krotoski a million dollar bounty if she can find out.New episodes drop every Tuesday. To listen to Real Money ad-free and get access to exclusive content across all of Tortoise's investigative series, subscribe to Tortoise+ on Apple podcasts or join Tortoise as a member for tickets to exclusive events and to support our journalism. Just visit the Tortoise website and use the code ALEK60 to claim your welcome offer. Hosted on Acast. See acast.com/privacy for more information.

Om Podcasten

All six episodes of Real Money are available now to listen for free.The world of cryptocurrencies is shaking. It might be just one domino-fall away from a complete crash, and that domino has a name. It’s called Tether. Tether is a crypto coin that holds up the entire cryptocurrency industry. There are over 70 billion Tethers in circulation and for every Tether that exists, a dollar should sit in a bank somewhere. But no one has seen the money it claims to have in the bank and now little-known company that specialises in financial detective work has offered a million dollar bounty to anyone who can find it.The people who might have this information are as hard to pin down as the company’s accounts. But Bafta and Emmy winning reporter Aleks Krotoski is on the hunt for the people, the proof, and, oh yes: the million dollars. The Tether story is not just about crypto. It’s about power, accountability and trust - and how far we’ll go when we want to believe that something is real.From the investigative team at Tortoise who brought you Sweet Bobby and Hoaxed, this is Real Money: The Hunt for Tether's Billions.To listen and read more of Tortoise's investigative journalism, visit http://tortoisemedia.com/realmoney Hosted on Acast. See acast.com/privacy for more information.