Wouldn't a decent auditor pay attention to dates and times? Or do they now have a bank that's willing to fix the books? I suppose they could persuade Omni to do a hard fork to change those dates and times too.
The point in case is that every single tether should be backed by a dollar bill. I think this is what the regulators care most about.
the timing is actually important...they need to back before creating
yeah, what I was thinking is IF they are selling BTC to pay for Tether to cook the books...I"m not even sure if that is 'illegal' as long as you make up the difference on your claim that you
back btc with usd to backstop the tether ..better late than never ..as such...
thus..this dump could make a lot of sense if tether folk are playing 'catch up' at our expense with the price dump
(that sounds too simple to be correct...just tossing it out there)
I'm not a fun of Finex, but I think there is nothing wrong with tethers currently for the simple reason: arbitrage. If people would have substantial difficulties with withdrawing fiat from Finex, they price will reflect it. Like late Mt. Gox, when BTC price run up as the only way to withdraw funds. Or BTCe, where prices where always lower, since that exchange was mainly used for cashing BTC, not buying.
