.... I am not the biggest fan of Jan van der Velde, and as for Raphael Nicolle and Giancarlo Devasini , are pretty much ghosts.

Bitfinex is a zombie... ie seems they have been killed multiple times over but never dies... which is curious.

But, just curious what makes you say what you say they will delist in September and why you think the FED are the real owners?

Whaddya make of this ?  (note that their latest reports are far more detailed than the Firedman and Deltec "letters"



Their "commercial paper" declarations need to be audited for sure, seeing as out of the "cash & cash equivalents & deposits /commercial Paper" which apparently accounts for 83% of their holdings, well out of that only 6% is cash held in banks, and the rest is 36% commercial paper and 52% treasury bills.

https://tether.to/en/transparency/#reports

https://tether.to/en/transparency/

and this the latest "report" they commissioned, the rest of their "audits" are listed there too =

https://assets.ctfassets.net/vyse88cgwfbl/4hiNJsZ98LlZqCJHKzrLpV/2b6338482ef0093382885f80ba6f1083/Tether_Assurance-12-31-21.pdf

vs the original "reports" ie =

 https://assets.ctfassets.net/vyse88cgwfbl/7ow3ykSHqpJloiIunVvi0B/3e3e4738ee0b7ff1fb492e9d28757604/Final-Tether-Consulting-Report-9-15-17_Redacted.pdf

& Deltec "report" (this one is "hilarious")  

https://assets.ctfassets.net/vyse88cgwfbl/RPHIloRD3eE4J5QYNRnYX/bed2f368b73776c14e067088028f8a5c/Tether-Letter.pdf


Interestingly Tether issuances vs redemptions are apparently around 20:1 atm, with the two largest buyers being Cumberland Global (DRW investments) and Alameda.


Personally, not a fan of the Tether system.... not Bitfinex, I got royally butt fucked by them years ago.  

But then I am not sure on Bitfinex'd either tbh.

I do not imagine that Tether going down should it happen is going to be pretty at all , least not in the short to medium term.


I hold exactly zero tether, but would be interested in reading any source material you have though...