Topic: Bitfinex - FRAUD, price manipulation, fake transactions (Read 4933 times)

there are many sheep who will not listen.

THESE FUCKING CUNTS HAVE MADE ME WAIT OVER 6 MONTHS SO FAR, JUST TO GET VERIFIED!!!!!
THEY IGNORE EMAILS!!! THEY SEND YOU AN EMAIL WHEN THEY FEEL LIKE IT!!! MOTHER FUCKING PIECES OF SHIT!!!!!
DON'T SPEND YOUR MONEY HERE!!!!!
YOU WILL REGRET IT!!!!!

90-99% of all the Bitcoin is owned by 1% of all the users.
Bitcoin is an improvement to the monetary system only in efficiency. The main issue of the previous fiat currencies is more abundant in Bitcoin which is the concentration of the elites wealth making all other users slaves for the system.
Fair distribution and manipulation proof are the most important elements needed.
Also note the volatility as a way they increase their holdings through manipulation.
The entire crypto shere has been infiltrated not only bitcoin.

www.bitcoinb.io

Get involved and help expose the manipulation!

https://thenextweb.com/hardfork/2018/03/22/binance-cryptocurrency-japan-operation/



Again, operating in Japan, unlike Bitfinex.

"You gave Japan as an example of where Bitfinex is breaking the law. Where does Japanese law state that?"

TheQuin, another example that you know nothing about regulations :

https://www.reuters.com/article/us-crypto-currencies-japan/japan-to-warn-hong-kong-based-cryptocurrency-exchange-binance-source-idUSKBN1GY1BK?__twitter_impression=true

It has been long established that many of the tether “prints” is bitfinex processing customer USDT withdrawals.

Bitmex also published a research report about a month ago concluding bitfinex likely has bank accounts in PR and that tether is iargely used for financial speculation.

by generating funds from thin air just to pump BTC. this is called fraud, market manipulation, issuing securities and so on ....

Bitfinex are criminals.

Exactly, they wouldn't, so they must be sure that Tether is totally above board.

Tether prints $300,000,000 and Bitcoin jumps nearly $1000 in less than 30 minutes

https://imgur.com/SCxxxEj


"Institutional Investors" are going to send $300 million dollars to a company:    LOL

1. Not once completed an audit they promised.
2. Lied about association with Bitfinex.
3. Founded by a ponzi scammer.
4. CFO thought about committing fraud several times.
5. Under CFTC investigation.

The relevant bit:


Are Bitfinex doing that? If you actually read the story you would see it is about raising funds via an ICO not operating an exchange.

The next relevant bit:


Operating in means have a physical presence in, not having customers in. How many times do I have to explain that to you? Even if an exchange did have an office in Japan they would be OK because of the exception.

For Mr shill TheQuin :

Japan’s Financial Services Agency (FSA) has issued its first warning under the country’s revised payment services law – which recognizes bitcoin as a legal method of payment – to Macau-based Blockchain Laboratory, an unregistered firm reportedly pursuing investors in the country.

https://www.ccn.com/japanese-regulator-warns-unregistered-macau-based-crypto-operator/

Bitfinex is unlicensed in Japan as it's in any other country. Bitfinex accepts clients from Japan even they don't have any license for that.

Again, you talk non-senses... 

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

They have re-enabled it on the withdrawals page, although I haven't actually tried it as I'm all in on BTC at the moment.

There is a new, highly popular, thread on reddit where a guy has made some analysis about Tether using
the OMNI block explorer. If his discoveries are true - I unfortunately didn´t have the time
to dig into his claims deeper - things are looking pretty grim for Bitfinex.

https://www.reddit.com/r/btc/comments/7ih0hd/guess_who_controls_over_half_a_billion_tethers/

Basically he found out that even the wallets with high Tether balances that allegedly belong
to the big altcoin exchanges Poloniex and Bittrex according to the official "Tether richlist" seem to be controlled by Bitfinex.

I concede that this is once again little actual proof and much conjecture and the author also states:

Let´s hope that this is just again a misunderstanding, but at first glance something definitely looks suspicious.

Besides, I´m pretty sure that they currently only allow Euro deposits and still don´t offer USD deposits
to retail clients.

As I already explained to you but you seem incapable of understanding let me try again.

Bitfinex does not require a licence to trade cryptocurrencies in any country it does not have a physical presence. The US would be the only exception to this and that is why Bitfinex has stopped accepting customers located in the US.
In all the examples you came up with of other exchanges holding licences they are required to do so because they have offices located in those jurisdictions.

Under BVI law there is no requirement to hold a licence for a cryptocurrency exchange. In the example you gave of AvaTrade they are required to hold a licence because they trade equities, commodities and forex which is something Bitfinex does not do.


I have demonstrated this to be completely untrue.


We have been through this one as well and again there is no evidence to support this.


They have new banking arrangements and are currently accepting deposits and withdrawals in both USD and EUR.

@deisik
I guess this the wrong thread for this argument anyway but you argued that "with more money being poured into the system will cause even higher price fluctuations"
I disagreed with that. "higher price fluctuations" is higher volatility so I stated what actually does cause higher volatility and you ignored it until I ask you many times to actually engage with my point then you just arrogantly dismiss it as not worthy of debate without giving any counter-argument. It is pointless to continue.

Your knowledge about financial licenses are almost zero so I cannot debate with you anymore. It's alright if you are Bitfinex investor, shill or staff...

The facts remain : Bitfinex is a unlicensed company, their Tether is printing USDT out of thin air. They are a fraud and a scam.

All USD trading on Bitfinex is actually USDT. They used to offer real USD which is why they are listed on coinmarketcap as such, but they lost their bank. How is it possible to have such volumes without a bank account?

Bitfinex = Tether = criminal gang       Stay away of them ! 

No, I said they don't need those licenses because they either don't have a physical presence in that jurisdiction or in the case of BVI don't need one because they are not trading equities, commodities or forex.

Of course, you already know that because you were unwilling to answer the questions I left you about AvaTrade.

this is about Bitfinex shit....

TheQuin and Quickseller are like their PR. They talk nonsenses with no common sense like any shill  


I am keep saying that Bitfinex is doesn't have any financial license and that they operate a criminal company and the TheQuin is responding that they don't need one.  

All the licensed exchangers are idiots and TheQuin & Bitfinex are the smart ones...

It's not strange to see this thing on forums because I saw hordes of shills defending BTC-e in the same way,  so....

Note that I ain't calling you any names

I don't say that you are wasting my time, I don't call you an ignorant, arrogant, and unable to argue look-alike, and whatever else you say in my regard or blame me with. Oh, sorry, I said you were flat-out wrong with your understanding of scarcity, but that's the way you are. And now you come and say that if I want to continue this debate I need to respond to your point. Nevertheless, which point exactly should I respond to? That volatility is whatever it is? What difference does it make if I'm primarily concerned with the causes of it and don't particularly care which definition of it you choose to use? Further, you make claims that there are dollars in the system but can you substantiate your claims apart from the fact that they were spent on bitcoins? How do you know that these dollars are still in the system? You don't know that and unless you provide evidence, your point is moot

Another example of ignorant arrogant and unable to answer.

It is relevant, as I have pointed out many times without response, as it was the basis of your opening argument that I am disagreeing with.

If you want to continue this debate you need respond to it.