Interesting article :
https://medium.com/crypto-punks/tether-misconceptions-2984430e7e48
Topic: About Bitfinex - Tether FRAUD (Read 633 times)
Tether went from printing $100 million a day to $0 a day over night. No new Tether printed in over a month. Are we supposed to believe demand dropped 100% or is it more likely there was never any demand in the first place? 
If so, why did it stop all at once? I mean if they are printing unbacked Tethers. Do you think it has anything to do with the subpoenas from the CFTC?
In theory, this kind of abrupt stoppage could also indicate the loss of banking partners as Tether becomes even more of a pariah in the banking world. I can't imagine why any banks would knowingly be involved with them at this point.
Tether went from printing $100 million a day to $0 a day over night. No new Tether printed in over a month. Are we supposed to believe demand dropped 100% or is it more likely there was never any demand in the first place?
Bloomberg says that both Bitfinex and Tether have been Supoenaed by the American regulators:
https://www.bloomberg.com/news/articles/2018-01-30/crypto-exchange-bitfinex-tether-said-to-get-subpoenaed-by-cftc
It happened on Dec 6th, but has only just been leaked to the press.
https://www.bloomberg.com/news/articles/2018-01-30/crypto-exchange-bitfinex-tether-said-to-get-subpoenaed-by-cftc
It happened on Dec 6th, but has only just been leaked to the press.
This does not look good at all. It could very much be related to the big drop in the price that we are witnessing right now.
Bloomberg says that both Bitfinex and Tether have been Supoenaed by the American regulators:
https://www.bloomberg.com/news/articles/2018-01-30/crypto-exchange-bitfinex-tether-said-to-get-subpoenaed-by-cftc
It happened on Dec 6th, but has only just been leaked to the press.
https://www.bloomberg.com/news/articles/2018-01-30/crypto-exchange-bitfinex-tether-said-to-get-subpoenaed-by-cftc
It happened on Dec 6th, but has only just been leaked to the press.
The fact that the New York Times is reporting such a thing is scaring, because if there is anything not perfectly OK at all at Bitfinex this news could become a self fulfilling prophecy.
Bitfinex also seems to have moved their banking to a new shell company known as Haparc BV. Address: Veembroederhof 281, 1019, Amsterdam, Netherlands.
Money laundering continues
Money laundering continues
Tether now prints $100 million DAILY 
That is precisely how the US government does it. Nobody seems to worry about the dollar. So why not Tether. WTF? Fake money is fake money. If everyone believes it is real, then it is real!!!!
But with all that newly printed USDT, should we be expecting all that to pump BTC for 2018? Where will all of that go if their not really backed up by real fiat lol.
When on earth is tether going belly up? So surprised this isn't happening already. Who the hell is putting money into tether?
USD Tether is always had many controversies. I won't recommend it, the centralization feels to tight in it.
Tether is at 1.03$ every time bitcoin crashes, but back to 1.00$ when he stabilized again.
it's a bit hard to understand but this how it works, USDT worth more than USD (Meaning that we are actually getting less USD), when its time for bitcoin to recover USDT suddenly equal to USD or very close of it. So how do you think, who get the 3% difference in the end?
I noticed it the hard way, now when I predicted bitcoin is coming down I immediately send my bitcoin to the exchange that offers real USD.
it's a bit hard to understand but this how it works, USDT worth more than USD (Meaning that we are actually getting less USD), when its time for bitcoin to recover USDT suddenly equal to USD or very close of it. So how do you think, who get the 3% difference in the end?
I noticed it the hard way, now when I predicted bitcoin is coming down I immediately send my bitcoin to the exchange that offers real USD.
https://bitcointalksearch.org/topic/m.29126488
Check out my thread, I talk on youtube about the whole situation.
Check out my thread, I talk on youtube about the whole situation.
https://youtu.be/PGsF5wDksPI nice video
I am not a fan Tether in the first place and i never believed and if the things OP said is true ,i am sure they have never provided any proof that they are holding this much amount of fiat amount in the first place and they are connected to bitfinex and Panama,i really do have a doubt ,bitfinix was hacked and they lost millions of dollars,how about them manipulating the amount of tether and purchasing huge amount of bitcoin ,in which case the price increases and they could settle the loss they had with the hack.If my doubts are to be true then we will see a big correction.
I never really tried to understand this currency and it's confusing.
Each USDT created is backed by fiat currency assets, right?
What is called the Quarantined USDT? Quarantined for what reason, quarantined means "separate and restrict the movement" to me
And if Tether prints $100 mln daily backed by nothing, it means insolvency, and so a collapse. With $100 million a day, we should already be seeing it happen.
Each USDT created is backed by fiat currency assets, right?
What is called the Quarantined USDT? Quarantined for what reason, quarantined means "separate and restrict the movement" to me
And if Tether prints $100 mln daily backed by nothing, it means insolvency, and so a collapse. With $100 million a day, we should already be seeing it happen.
The biggest joke about Bitfinex is that they are keeping with the massive prints, and we can see that there is a direct connection between the time of printing tethers to the time that bitcoin's price stop falling.
They are printing 100M USDT on a daily basis:
http://omnichest.info/lookupadd.aspx?address=3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL
There is no way for it to end in a good way, there is just no way that bitfinex has enough income to print 100M$ in a day.
Not only that, it is illegal for a company to do something like that, they are not connected to the US government in any way, so they can't print coins that are backed by the dollar.
Once the Federal Reserve finds out about that, Bitfinex would be instantly closed.
They are printing 100M USDT on a daily basis:
http://omnichest.info/lookupadd.aspx?address=3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL
There is no way for it to end in a good way, there is just no way that bitfinex has enough income to print 100M$ in a day.
Not only that, it is illegal for a company to do something like that, they are not connected to the US government in any way, so they can't print coins that are backed by the dollar.
Once the Federal Reserve finds out about that, Bitfinex would be instantly closed.
Tether now prints $100 million DAILY
That is precisely how the US government does it. Nobody seems to worry about the dollar. So why not Tether. WTF? Fake money is fake money. If everyone believes it is real, then it is real!!!!
More and more I am picking up on this Tether news really bothers me, this is disturbing. Fortunately not involved with Bitfinex or Tether in any form or fashion but I feel like this has to be stamped out from the world blockchain, blockchain is supposed to be accountable and held in check it can't run rampant like this with out care for people's wealth and property at stake.
Bitfinex fails to perform promised audits. Instead, they have a shareholder tell everyone it’s all cool:
https://medium.com/@bitfinexed/bitfinex-fails-to-perform-promised-audits-instead-they-have-a-shareholder-tell-everyone-its-all-965ae7037b5d
https://medium.com/@bitfinexed/bitfinex-fails-to-perform-promised-audits-instead-they-have-a-shareholder-tell-everyone-its-all-965ae7037b5d
Jump to: