And you can't withdraw anymore. [0] The whole trick was that Bitfinex could claim to have a price for USD, because they have a price for USDT, and the ratio of

And you can't withdraw anymore. [0] The whole trick was that Bitfinex could claim to have a price for USD, because they have a price for USDT, and the ratio of USDT/USD is 1. But since they've printed over 1 billion USDT without any assurance that they have USD to back them up, and now you can't withdraw at the source for the USD that they supposedly have backed in a bank somewhere, expect the value of USDT/USD to plummet on exchanges. Fun times. [0] https://tether.to/wallet-service-and-platform-update/ https://tether.to/wallet-service-and-platform-update/ [1] https://wallet.tether.to/transparency https://wallet.tether.to/transparency