Topic: Bitfinex just been subpoenaed by US regulators over tether - page 2. (Read 321 times)
It was actually several weeks ago. Note that it timed with their fella's warrant canary doing a runner. That was picked up on at the time but no one pursued it much further.
I suggest that everyone take money out of there before something worse happens.
I think Bitfinex has taken most of the money out already. They will let you keep the Tether coins though as a memento.
Those tether that are 'tied' to usd but will potentially be worth nothing in a few weeks or even less? In reality we just have to let this one play out and see what happens but I'll be avoiding tether in the meantime.
I suggest that everyone take money out of there before something worse happens.
I think Bitfinex has taken most of the money out already. They will let you keep the Tether coins though as a memento.
Wait until the regulators crack the lid on the exchanges and start doing some audits.
The shit is about to hit the fan:
https://www.bloomberg.com/news/articles/2018-01-30/crypto-exchange-bitfinex-tether-said-to-get-subpoenaed-by-cftc
So many exchanges are having people try to take them down. Oh well, there will be more exchanges. I suggest that everyone take money out of there before something worse happens. The shit is about to hit the fan:
https://www.bloomberg.com/news/articles/2018-01-30/crypto-exchange-bitfinex-tether-said-to-get-subpoenaed-by-cftc
Wait until the regulators crack the lid on the exchanges and start doing some audits.
The shit is about to hit the fan:
https://www.bloomberg.com/news/articles/2018-01-30/crypto-exchange-bitfinex-tether-said-to-get-subpoenaed-by-cftc
The shit is about to hit the fan:
https://www.bloomberg.com/news/articles/2018-01-30/crypto-exchange-bitfinex-tether-said-to-get-subpoenaed-by-cftc
If this should go through and they are forced to carry out an audit, then Bitfinex and Tether must better be able to provide backing for the amount of Tether they have in the bank. Just like my earlier comment if this is bursted, the whole if USDT is gone for and that moment that happen, the market price of bitcoin is about to crash and this time, its going to be big and with reasons as well because there has been some theory that USDT was responsible for the pump in the price of crypto.
Regulators will surely come but if Bitfinex has a sound legal team that wants to go drag this matter, I feel the regulatory authority is acting ultra vires and the reason is that, unless there is a new law or the old law was amended to accommodate the type of industry in which Bitfinex operates, there is no basis at all to investigate them.
I don't believe they do
https://bitcointalksearch.org/topic/breaking-news-tether-a-problem-or-just-fud-2839145
https://bitcointalksearch.org/topic/breaking-news-tether-a-problem-or-just-fud-2839145
Quote
Tether has yet to verify that it holds $2.3 billion in reserve
Think they have the cash to back their claims
Wait until the regulators crack the lid on the exchanges and start doing some audits.
The shit is about to hit the fan:
https://www.bloomberg.com/news/articles/2018-01-30/crypto-exchange-bitfinex-tether-said-to-get-subpoenaed-by-cftc
The shit is about to hit the fan:
https://www.bloomberg.com/news/articles/2018-01-30/crypto-exchange-bitfinex-tether-said-to-get-subpoenaed-by-cftc
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