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Bitfinex/Tether subpoenaed by US regulators

Discussion in 'Cryptocurrency, Finance, & Gambling Discussion' started by ariabot, Jan 30, 2018.

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  1. ariabot

    ariabot Apprentice
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    Bitfinex/Tether subpoenaed by US regulators
    U.S. Regulators Subpoena Crypto Exchange Bitfinex, Tether

    Edit: The article was updated to state that the subpoenas were sent on Dec 6.
     
    Last edited: Jan 30, 2018
    ariabot, Jan 30, 2018
    #1
    Eazy E likes this.
  2. Buyacc

    Buyacc Hello
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    Bitfinex/Tether subpoenaed by US regulators
    So if I am correct they are doubting the reserves Tether is holding?

    Edit:

    Just checked and the rumors seem to be that Tether is printing (fake) money.
     
    Last edited: Jan 30, 2018
    Buyacc, Jan 30, 2018
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  3. Eazy E

    Eazy E Graphic Designer and Developer
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    Bitfinex/Tether subpoenaed by US regulators
    Tether uses fractional reserve banking essentially. Tethers auditor cut ties with them, which basically means there is a problem with the audits....

    IF (or when rather) tether fails, we will see a pretty big crash across the whole market.
     
    Eazy E, Jan 30, 2018
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