Post
Topic
Board Service Discussion (Altcoins)
Re: Bitfinex Allegedly Covers $850 million Loss with Tether Funds
by
X-ray
on 03/05/2019, 15:20:42 UTC
The New York Attorney General’s 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.
But last week faketosi was accusing binance and he was not writing something related to the bitfinex and the problem is when bitfinex is not transparent with it. Even if the tether's murky relationship with bitfinex already revealed since 2017. Public has been giving reaction to the bitfinex's case. Im seeing the daily volume trade was decreased a lot started after that news has published.