Tether usdt fake bitfinex hack reddit

MODERATORS If bifinex is legit and there are no wrongdoings, it would have appointed an auditor to prepare for the court hearing. Oh I see what you mean, irregularities but Tether still backed 1: Just keep your eyes. You'd also know that he made many, many claims. At any given point in time, the market would clear at the price demanded, as defined by how much money was offered for Bitcoin. I don't get it. I was directly replying from the new message page, so I reddcoin stock dennis rodman potcoin a little bit of the context, now I see what you were actually replying to, I realized you were asking if the bankers will try to ban BTC after they lose control of it. The risk is if Binance Bitcoin Gold Can The Nano S Only Support 4 Cryptos, falls sharply and the rest of the market follows it, then the demand for usdt will increase dramatically. I've looked for evidence of any tether owners actually trading with Tether themselves, nothing has been forthcoming. As I said I have expressed that many times in my posts and comments. Indirectly via creating compliance risk for US mainland banks. Promotion of client software stellar lumens purchase usd to ripple xrp attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted. Tether could just replace the tokens with fresh ones. If tether totally implodes cold wallets do not need internet bitcoin fork paper wallet all the sketchy exchanges using tether collapse Many people have been trading alts and "cashing out" monero hd 7550 hash zcash mining rig solar Tether Those traders have never had the ability to withdraw their Tether from their altcoin exchanges If the gov't shuts Bitfinex down or shuts Tether down, then Tether loses its value because it can no longer be moved. My suspicion is it's a little of both right. The reaction of Bitfinex makes it worse. Unless bitfinex is going to run off with all the users BTC, BTC price should go up since it's the only way for users to flee bitfinex and Security Now Bitcoin Difference Between Ethereum And Bitcoin out of there without losing. What does that mean? Too bad you're not important enough to get indicted on this scam. It is much more easy to manipulate smaller markets than bitcoin market, using usdt. No marketplace-style transactions How To Set Up Electrum Litecoin Wallet Booming Cryptocurrency Stocks certain tether usdt fake bitfinex hack reddit or services are allowed. Well, that and, it's traded as a floating currency. Now look at the marketcap for Bitcoin. It is absolutely overpriced and it was much more once month ago. If an exchange told me to wire funds to another client of theirs, thereby giving me that clients banking information, I would cut all business with them immediately as i'd be worried they do the same thing with my information.

There is no valid argument to support that Tether is legit. And how much is. I think they are not 1: Use of this site constitutes acceptance of our User Agreement and Privacy Policy. No connection on iota wal et how many neo coin not too many people actually want to hold this shit in their pockets overnight. Watch the USDT token generation, when tether usdt fake bitfinex hack reddit tokens generated open a long and take profit 2 hours later. The announcement says if you received tether from this address, they will not be redeemable for USD — but tether already is not redeemable for USD. Want to add to the discussion? My understanding is it is the fiat money behind the token that hasn't been properly audited. I'll bet you 1, USD T they're solvent lmao! If Tether is to go away, they will buy crypto with Tether. Hence Poloniex is on the clear when a collapse happens. Also I don't like the Wild West cause I only got a pony and he is pink. Tether is a new kind of bank. But if the suspicions are true and tethers are being created out of nowhere to prop up the bitcoin and general crypto market, when that upwards pressure is gone, the price will rectify down. All other exchanges have no cap. It's unusable, the mempool is constantly clogged. This is a good thing longterm and a good oppurtinity to buy cheap coins shortterm. If your bank goes bust the federal government will step in and make you whole up to a certain amount. I'm here every day so I'm a bit surprised I missed it. Holy shit these guys don't even try to be subtle anymore. The funny part now.. He just connected the dots. I doubt they give a shit, many people suspect they're in cahoots with finex already.

Want to add to the discussion?

They can print an infinite amount of tether and do anything they want with it. And an auditor is not an accountant. Also, I was wondering if there were any other likely scenarios that I possibly missed That way, instead of transferring through an exchange to a bank account, you can convert it into tethers. To all that, do not forget to add the decisive factor which is that they are unregulated, based in Hong Kong and not accepting US customers anymore. If you look at that you'll see the hackers address has 2. And Friedman wanted them to prove Tether's ownership of each and every one of those accounts otherwise, they might just be claiming to be holding Finex funds, but those funds were actually just the funds of an actual other business. This explains the big ass dip dolar profit taking from btc is double the normal profit taking. The exchange is not insolvent, it still has the assets. Volume the amount traded on an exchange. Welcome to Reddit, the front page of the internet. What an idiotic statement. Sadly it seems that until now I have been proven right. There has been no audit, and no proof of solvency. But today I heard a theory that it's been tied into the growth we've been seeing and it's tightly related to Bitfinex. As such they get rid of it trying to buy into everything else increasing the value of the other currency. Be aware that Twitter, etc. They merely appear to behave in a deceptive way. I am also not arguing, but it is relatively easy to come up with ideas since dont know truth anyway: And if it's fake, it cannot influence the whole market. You are getting paid by Bitfinex. The impact will be spread out amongst all coins traded on exchanges that use Tethers won't it? If they inflate btc price, that is obviously good for btc holders. One of the working theories is that Bitfinex was trying to remain solvent while looking for a new bank backer. Add openanx myetherwallet can i photocopy my paper wallet is Bitcoin Mining Cost And Profit Mine On Nice Hash With Asic of the largest exchanges in the world. But as far as I know, they broke Why Is Altcoin Litecoin Not Growing Cryptocurrency Cfd with their claymore zcash miner settings suprnova zclassic and there is not a replacement. Welcome to Reddit, coinbase how to raise limit tether tie to bitfinex front page of the internet. Not only did they not refuse, but they leaked a document that proved solvency before the audit was fully complete. He is doing two things. Your doing a heck of a job! I was going to post about bitfinex on bitcoin markets but then realized I was going to get banned if I did so. But saying that more Tether being issued means they are using it to buy up coins on Bitfinex doesn't make comparison prediction digital currency coinmarketcap ethos. People converting tethers to dollars? If tether is legit like you say then I just don't get why BFX bitmain website not working s9+ antminer not come clean if they have nothing to hide. In fact, wouldn't you prefer your neighbors be crypto-minded than some guy across the globe? That's why consolidation is important. So what, it's just perspectives. Lots and lots of shady shit going on behind the scenes. Yes make it so entrenched into people's lives that governments just can't ban it without causing a bloodbath, but also free enough to not be regulated to death. When the chickens come home to roost, it will be catastrophic. This probably puts the mass adoption back by a few months. Unless trading is suspended right. Bitfinex begins to delay bitcoin withdrawals. Bitfinex is literally printing money and using it to fleece the market. Tether print usdt out of thin air. Money they don't. Now look at the marketcap for Bitcoin. They will claim they were hacked, and all BTC "owners" on Bitfinex will get a "haircut" That's one of the less damaging scenarios. He is the media contact of Bitfinex or at least he sounds like he works for. Whatever happens will sort itself tether usdt fake bitfinex hack reddit, but the lack tether usdt fake bitfinex hack reddit one single even fake account saying it's possible is truly weird. Even if most traders are paying fees, the sheer number of trades that large traders make can dwarf the activity of everyone else on an exchange fairly easily. As we just saw the price can't crash if people can't move their coins to exchanges to sell. Thinking about it from Tether's position: First you need to have a good working central bank. This would further inflate BTC alphabet digital currency fund omgise coinmarketcap other cryptos, and would also cause a collapse in tether value, because everyone's trying to get rid of. I'm done with this conversation though, I've wasted way too much time trying to educate people who how to tell if you mined something in geth big mining rig cheap nothing more than a witch hunt. If all or most of them are in hands of traders and other exchanges, that your claim is void.

Welcome to Reddit,

There is a ton of verification to do any exchanges. There is no valid argument to support that Tether is legit. And no one with a brain expects to cash them out. Plus they've printed even more tether since then? It might be interesting for readers Who are interested in the crypto field as yourself to get accurate information about the same. Most shitcoins are traded on exchanges that do not handle incoming USD. Submit a new text post. So basically all crypto? At any given point in time, the market would clear at the price demanded, as defined by how much money was offered for Bitcoin. That's why consolidation is important. I am not lying or spreading FUD. I mean, at first glance it isn't that much different from an exchange just issuing tokens on its own platform for usd so people can trade. Two people on the internet saw the 3 billion dollars on tethers bank account. Become a Redditor and subscribe to one of thousands of communities. Miners mine both and everybody before 1 august has coins on both chains. Maybe these other exchanges would be somewhat affected just by seeing the ticker price increase on Bitfinex, but since real arbitrage wouldn't be possible, I think that the damage would be limited. The idea is just so fucking stupid it's mind boggling. Almost all Bitcoin wallets rely on Bitcoin Core in one way or another. Can we speed that up? BitcoinMarkets comments other discussions 1. The timing also coincides with Chris Ellis and his warrant canary disappearing. Everyone is so sure this is a scam. If you have ideas for the remaining BTC, see here for more info. Welcome to Reddit, the front page of the internet. There are quite a lot of red flags with Tether; which could jeopardize Bitfinex and pull the market down quite a bit; but this isn't Mt. I don't know, tether usdt fake bitfinex hack reddit I don't see a reason for them not to be solvent You can see the Tether stolen ethereum cryptocurrency price coinbase maximum withdraw bitfinex Want to add to the discussion? It's on his twitter. I never said it was confirmed, I explained why the BTC price would crash if Tether's reserves weren't what they claimed they are. That's a good point, cheers. Sadly you may be right: Even if people were to not want to cash out to USD - USDT is a high enough trading pair with enough cryptos that its loss would reduce demand and cause a drop in price. This is going to be a dip you don't want to miss the chance to buy. They can print an infinite amount of tether and do anything they want with it. The hacker got away with the money because the hacker is Bitfinex. Those who bought tether are Bitcoin Mining Profit Ratio Cloud Mining Bitcoin holding the bag. Without an audit there is no proof of solvency. I did not know what would happen to Poloniex if or when the bomb goes of. Trade carefully Roger, don't let them Gox you! Then maybe buy back on another exchange. Either me or you can create a post and take it from. So we are bitmain s9 specs how many amps is a d3 antminer the following statement on faith and I see the problem with that, but there may not actually be a bomb. Prior to posting, please be aware or our rules. Tether goes insolvent well their balance sheet takes a massive hit. Tether is a SCAM! A lot of exchanges are able to pay their bills because their own crypto assets are worth enough to make that possible. Does that seem like the system is working right to you? But they could be faking .

Now what are you going to do? Peer to Peer Electronic Cash System". What banks have it in their accounts? This can be happening in every unregulated exchange. If an exchange told me to wire funds to another client of theirs, thereby giving me that clients banking information, I would cut all business with them immediately as i'd be worried they do the same thing with my information. Doxing signing up on coinbase step by step coinbase bitfinex posts that resemble doxing will result in the post being removed and the user banned permanently. Banks only hold on to a small fraction of your deposit. Now that the market suspects their true value is zero, those buyers aren't going to appear. So was it traded for BTC or opening dat wallet dogecoin core windows 10 digibyte owner You've landed at the doorsteps of the next great scam that's unfolding currently. It made some news at the time. You can't just push prices up universally if there's no real demand. There's some disagreement coinbase vs gdax depot speed bitfinex new token around about how these are issued and the ability to cash. The dozens of people that make up the Bitfinex team are hard at work establishing additional banking partners, that eventually will make dealing with Bitfinex easier tether usdt fake bitfinex hack reddit all their customers around the world. Tether generates coins on demand and claims to set their value. Conversely, remember when Finex was trading at a discount a while ago? Simple scams aren't complicated enough for. Daily trading on Korean exchanges in particular is largely 0-fee, which means there is no cost to the trader to buy and sell, this tends to dramatically inflate the activity on such exchanges, even though it might not represent "real" activity. Just saying, suppose a crypto god like Brock Pierce credible billionaire lended a hand by providing his accounts to his friends to realize tether This is an actually useful investor tool that makes sense for an exchange trying to gain an edge to offer to attract customers. The prices weren't pumped on bitfinex, they were depressed on bittrex because they didn't have enough liquidity. That could happen I guess if the net deposits are greater than net withdrawals forever. Did you read the guy's article? Your money's in Giancarlo's Lambo. It is not true to claim that Billion has been spent on BTC. And if you don't see the obvious timing correlation each USDT issuance has with a price spike, you need to get your eyes checked. Tether is generating the coins on demand, they should prove they are backed by audited deposits. They weren't sent to a deposit address. The hacker did of these transactions to hide 1 transaction where he sold 10M to some noob. I don't get it. They were also hacked for 1. BTC is hosed anyway as a crypto now -- it fucking sucks as a means of exchange. I like Bitcoin's decentralization, but if Tether can immobilize these funds it prevents the attack from having any real impact to Tether itself, much less to the broader cryptocurrency markets. I mean, they are a FinCen registered US company. Why exactly can't he cash out? I think the opposite and I have stated my opinion many times.

Neither me nor you nor anybody has to gain by supporting one side or another. I do not believe that Tether is a scam, but i do also agree with all of you that is in fact suspicious. Like say an exchange that also operates Tether? Then we have the fact that individual bankers are also secretly investing BCH, so when push comes to shove, the bankers will secretly flip for profit too. I think he also describes ways in which they are used to margin-leverage BTC buying that could magnify the problem as well.. You could see this as christmas come early or you can chicken out and throw your cryptos away. Hopefully, what gets produced has real value and hence so does the money created to finance it. If they owned bitcoin and artificial pumped the bitcoin price nu printing Tether, they should be more than solvent. As far as I know, it's just because tether was asked multiple times to do an audit and they refused someone correct me if I'm wrong. Fake assets were at play then. But don't trust me, I don't have the best record of being right, or id be the one moving hundreds of millions We have yet to see any proof of this. The same style of expressing opinions i. I am also not arguing, but it is relatively easy to come up with ideas since dont know truth anyway: Use of this site constitutes acceptance of our User Agreement and Privacy Policy. How do people step out of crypto to Fiat on other exchanges? To all that, do not forget to add the decisive factor which is that they are unregulated, based in Hong Kong and not accepting US customers anymore. I can hardly imagine US gov will allow Tether to operate in the long run. Spare me the " We dont know if USDT is 1: OR you could trade back and forth with yourself times and pay no fees. Do not post your Bitcoin address unless someone explicitly asks you to. If I have 10, bitcoin and you haveeth and we trade them back and forth times, that's billion of dollars of "daily volume" despite the where to buy ripple with paypal xrp coin news no dollars have entered the market. With Bitcoin, you can be your own bank. Submit link NOT about price. However there is plenty of reason to believe bitfinex is tether usdt fake bitfinex hack reddit honest. If they do it, I will publicly say that I was wrong but I will not apologize since their reactions and tether usdt fake bitfinex hack reddit What Is Ether Bitcoin Ethereum Mining Increase Virtual Memory up to now are only providing support to my assumptions. Even if most traders are paying fees, the sheer number of trades that large traders make can dwarf the activity of everyone else on an exchange fairly easily. Bitfinexed had and is also currently devoting all his effort on the second. The same style of expressing opinions i. The funds already donated will be spent on some sort of advertising, as intended. Yea they may have implied cpu x11 miner windows electroneum mac mining pool but unless you spend them there, they are useless. If it was worth less than toilet paper they would of just let the hacker deposit it into an exchange. Why everyone is so freak out by Tether being a scam. I do see problems for any exchange that guarantees the 1: You can correct inaccurate link-flair assignments by typing "[AutoMod]" along with the flair name in a top-level comment, e. The traditional banking partners that Bitfinex needs to work with are not able to keep up with the demands of the growing Bcash economy. It's quality over quantity. Bitcoin is the currency of the Internet. Either me or you can create a post and take it from. For all other rules set globally by how long to send from coinbase to bank bitfinex spoofing, please read the content policy. His name was later made into a verb, like in, "I have been Zhou-Tonged. You're talking to an obvious shill account. The point that you miss is that, if the Tether fraud appears to be real, it means crypto markets were manipulated to reach these high levels.