Post
Topic
Board Service Discussion (Altcoins)
Is Tether and Bitfinex the New MT Gox?
by
mbelosto
on 20/11/2017, 01:34:26 UTC
Allegations are being made that bitcoin’s biggest exchange, Bitfinex, which is currently handling some incredible volumes of $800 million in the past 24 hours, is printing money out of thin-air through Tether, a centrally issued token that is meant to be backed by dollars.

The allegation is that bitfinex is in effect printing money (tethers) out of thin air, with no dollar backing, then using the “fake” tether to buy “real” crypto such as bitcoin.

http://www.trustnodes.com/2017/11/17/tether-bitfinex-new-mt-gox

What do you think folks?