That's easy to understand USDT isn't safe so why don't traders see it?
The same reason people continue to use all manner of unsafe and risky platforms - greed. They want profits. Trading back and forth to USDT or other centralized scammy "stable"coins allows them to chase profits more easily. It's the same reason people still store their coins on incredibly risky centralized exchanges or lending platforms, or why they throw their money away on altcoin/DeFi/NFT/etc. scams. They will keep using USDT or any of these other services, risking everything, while thinking "Well, it would never happen to
me". Until, of course, it does.
Was the 100,000 BTC converted to USDT?
The 100,000 figure I used above was simply an analogy. I was not using it in reference to USDT or any other specific platform.