They are going to fight Tether armed with the Bible

Texas finance professor John Griffin and his colleague Amin Shams published a study claiming that once the price of Bitcoin fell to a certain level, some traders would buy up the sagging asset through the Tether stablecoin, bringing the price back to its previous level.

Pegged to the US dollar, Tether has always been criticized and the subject of controversy, with some claiming that it is used to manipulate the price of Bitcoin. 

Half of Bitcoin's profits in 2017 could be "attributable" to Tether, whistleblower researchers say. 

Griffin also previously claimed that the VIX, a popular volatility index, is rigged. He believes his work can have quite a big impact on the digital sphere.

“I not only want to understand the world, but I want to make it a better place,” he said. “Data leaves traces and imprints that can sometimes reveal something interesting.”

Quoting a passage from the Bible, Griffin said he wants to focus his research on global financial evil:

“And do not participate in the unfruitful works of darkness, but also expose.”.

However, some of the organizations the studies he conducted and published claim that Griffin did not find abuse, but simply incorrectly analyzed the data received, since he has little experience in the cryptocurrency market. Cboe, which was at the center of the conflict over the VIX index, rejected Griffin's theory, stating:

“The analysis and conclusions of this study are based entirely on the author's fundamental misunderstanding of how the index works VIX.”