imo tether wasn't hacked. They just want to hide the fact that they are printing tethers out of thin air (their ledger was negative).
600Mio tether were used since april to pump the market.
Can't predict whats happening next...might fomo buy BTC because everyone wants to get rid of tethers but then maybe freefall to 3K$
Yeah this will be an interesting watch. People aren't really taking it very seriously it seems...
If it's true that tether/bitfinex has been applying their own quantitative easing strategy for this bull run, then the market should be well fucked for a while. Who knows how much they have to throw at it tho? Maybe enough to exhaust the sellers. But it's a time bomb either way if true.
And to the people suggesting that this is fud from bch camp: imo this would mean all USDT/Tether pairings on bitfinex are suspect for price rigging including bcash.