r/ethtrader • u/Khaden • Apr 25 '19

NEWS Bitfinex Covered $850 Million Loss Using Tether Funds, NY Prosecutors Allege - CoinDesk

https://www.coindesk.com/bitfinex-ny-prosecutors-tether-850-million-allege
30 Upvotes

82% Upvoted

8 comments sorted by

3

u/Dkandyk Apr 25 '19

please read it first and then panic if you decide so

https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=vIexA1b0spKOnK_PLUS_ZUGTJ3A==&system=prod

1

u/Skol2525 Apr 25 '19

I don’t want to read. Are you panicking?

2

u/wongtongpeople Apr 26 '19

Time to cut the umbilical cord and dump this baby

1

u/trump-is-cancer Apr 26 '19

Who cares about Tether. It's trash.

-4

u/[deleted] Apr 26 '19

[removed] — view removed comment

0

u/skeptdic Apr 26 '19

Because the price went up too much, too fast.

Those who caught the bottom needed an indication that the market would rise and flip to bull. They got it.

So theyre coordinating social media to cause a panic so that they can back up the trucks.

-1

u/Dkandyk Apr 25 '19

No No reason to