Re: Is BitFUnix and the Tether dollar USDT about to crash the Bitcoin market?

Quote from: darlidada on April 21, 2017, 11:30:42 AM

Tether supplied increased by 125% since early march. That must be how they paid back everyone and have managed to stay afloat despite the BTC withdrawals. Also, they have a history of trading on their own exchange, I'm sure they are naked long now.

I wonder how long this is gonna last.

chart here: http://omnichest.info/lookupadd.aspx?address=3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL

asset there:

http://omnichest.info/lookupsp.aspx?sp=31
http://omnichest.info/lookupadd.aspx?address=3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL

10M USD were created out of thin air 3 days ago

People buying it are litterally gifting btc to finex LOL

Hmmm... I gotta admit the timing of the token buy back is very fishy. If they wanted to buy back with imaginary tether usd a good time would be right before all the usd gets trapped inside the exchange (IIRC the token buy back happened days before the fiat stoppage).

The thing is the balance of their btc wallet was up about the same percentage since early march. So they might have just issued more tether usd because of the overall crypto bull run since then.

https://blockchain.info/charts/balance?address=3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r×pan=60days