The biggest problem about tether is that Tether is owned by Bitfinex, and Owner refuse to acknowledge this and tried to hide it before!!
I am suspecting that Bitfinex needed money to run due to a huge loss on its previous hacker attack. Maybe they lied and there is actually more than 30% of bitcoin is being stolen, but they could not risk and say the full amount, because this might lead to more problem where consumer losing trust to Bitfinex. So what I believe is that Bitfinex is using tether to finance its situation, and this working scheme continuously print free money and scam people.
Aren't the wallets of Bitfinex traceable?
Don't have an account there so never checked, but I've seen several wallets pass lately that clearly had the description of Bitfinex, in the blockchain itself (not in the comments). Huge wallets.