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I've not read past the first paragraph, but: > Tether is a magical internet money issued by world’s biggest cryptocurrency exchange Bitfinex As I understand i

I've not read past the first paragraph, but: > Tether is a magical internet money issued by world’s biggest cryptocurrency exchange Bitfinex As I understand it, Tether is a completely separate company to Bitfinex. The only thing they have in common is an investor. > It was designed as a mean to launder money It was designed as a way to transfer USD without having to wait for bank transactions, and without having to worry about banks closing down accounts. > I’m pretty sure this resemblance in name is deliberate to confuse owners It's not meant to "confuse", it's meant to mean "USD Tether". I think this post is intending to mislead far more than Tether is. Isn't the fact that Tether explicitly state in their terms and conditions that Tethers are non-redeemable for USD enough to know not to trust Tethers? Why do we have to make up lies about them?

berberous 9y ago
The Panama Papers included some Tether documents, listing some of Bitfinex officers as shareholders and officers. That's more than just having an investor in common. While they may be separate legal entities, it looks like the same folks running both.
deleted 9y ago
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eximius 9y ago
They have the same CEOs and there is credible evidence that the Bitfinex folks 'hacked' themselves. This is merely their second, larger scam.
- jstanley 9y ago
  Care to share your "credible evidence"? There's been an awful lot of FUD being spread about Bitfinex for the past year or longer, so you'll excuse me for not taking these claims seriously.
  - eximius 9y ago
    If I remembered the details, yes. As it is, I probably won't spend the time trying to find it. I have a hard time taking a conversation seriously after 'FUD' is used. It might even be justified here - I did make a bold claim with no evidence, but everything - literally everything - I read about Bitfinex and Tether is sketchtastic. How they handled their 'audit', how banks are distancing themselves and explicitly denying partnership, how they attempted to conceal their shared leadership, etc. If I recall correctly, the details were that the account the stolen Bitfinex funds were extracted to was then used in some way tied to some Bitfinex or Tether action. Like I said, I don't remember the details, I just read the article and verified the TXes on a blockchain explorer and moved on with a more confirmed worldview.

berberous 9y ago

The Panama Papers included some Tether documents, listing some of Bitfinex officers as shareholders and officers. That's more than just having an investor in common. While they may be separate legal entities, it looks like the same folks running both.

deleted 9y ago

[deleted]

eximius 9y ago

They have the same CEOs and there is credible evidence that the Bitfinex folks 'hacked' themselves. This is merely their second, larger scam.

jstanley 9y ago
Care to share your "credible evidence"? There's been an awful lot of FUD being spread about Bitfinex for the past year or longer, so you'll excuse me for not taking these claims seriously.
- eximius 9y ago
  If I remembered the details, yes. As it is, I probably won't spend the time trying to find it. I have a hard time taking a conversation seriously after 'FUD' is used. It might even be justified here - I did make a bold claim with no evidence, but everything - literally everything - I read about Bitfinex and Tether is sketchtastic. How they handled their 'audit', how banks are distancing themselves and explicitly denying partnership, how they attempted to conceal their shared leadership, etc. If I recall correctly, the details were that the account the stolen Bitfinex funds were extracted to was then used in some way tied to some Bitfinex or Tether action. Like I said, I don't remember the details, I just read the article and verified the TXes on a blockchain explorer and moved on with a more confirmed worldview.