Re: Bitfinex Allegedly Covers $850 million Loss with Tether Funds

Quote from: Crypto Girl on April 27, 2019, 10:56:55 AM

Quote from: cosmicart on April 26, 2019, 07:32:15 AM

The New York Attorney Generals office has alleged that crypto exchange Bitfinex lost $850 million and subsequently used funds from affiliated stablecoin operator Tether to secretly cover the shortfall, according to an announcement published on April 25.

Read more: https://cointelegraph.com/news/bitfinex-allegedly-covers-850-million-loss-with-tether-funds

I'm not a fan of bitfi since I don't have much fund to trade their platform but I think their platform and the people behind it has nothing to do if people will boycot the bitfi. I mean it's the CEO who uses the fund however perhaps people will eventually loss trust and doubt the platform.

Okay, I wouldn't be surprise if tether will descend.

You are misinformed woman. CEO does not handle funds the CFO does.

Tether's murky relationship with Bitfinex has been hinted at since 2017. Read : https://qz.com/1149772/the-murky-relationship-between-bitfinex-and-tether-is-raising-suspicions/

If no one cared then, no one will care now either. Much like that shitty Bitcoin SV it'll continue to exist despite a corrupt and lying leadership.