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Tether and it's sister company, Bitfinex have had a long history of extremely suspicious and opaque behavior. The CEO has been quoted as sympathetic towards a
by cryptodogemoon 9y ago
Tether and it's sister company, Bitfinex have had a long history of extremely suspicious and opaque behavior.
The CEO has been quoted as sympathetic towards a known ponzi scheme after it vanished with everyone's deposits.
https://steemit.com/bitfinex/@gaitan/bitfinex-ceo-suspected-of-a-ponzi-scheme https://steemit.com/bitfinex/@gaitan/bitfinex-ceo-suspected-...
Raphaelle Nicole, the CEO of Bitfinex invested in the past years in a number of ponzi schemes and also supported Trendon Shavers, who was found guilty recently for "a classic ponzi scheme" and was sentenced to 18 months in prison. In 2012, Raphaelle tried his own ponzi scheme: “When I need more coins than I have to fill an order, I will ask everyone that previously “registered” with me to lend me some btc. After 7 days, I will return all of it, principal + 2% interests [per week]…. Now the questions you might have: What could you do to make so much profit? Let just say that I do “arbitrage”: I buy low and sell high.”
Here is the summary of Tether:
https://www.reddit.com/r/btc/comments/6xpddt/as_20m_more_tether_are_issued_today_i_think_its/ https://www.reddit.com/r/btc/comments/6xpddt/as_20m_more_tet...
https://medium.com/@bitfinexed/latest https://medium.com/@bitfinexed/latest
https://twitter.com/Bitfinexed https://twitter.com/Bitfinexed
https://www.reddit.com/r/btc/comments/7059hr/more_25_million_tethers_generated_today/ https://www.reddit.com/r/btc/comments/7059hr/more_25_million...