How? It’s been a long standing allegation that tether is a fraud, counterfeited by Bitfinex to manipulate the spot price in a scheme to steal bitcoins (buying

How? It’s been a long standing allegation that tether is a fraud, counterfeited by Bitfinex to manipulate the spot price in a scheme to steal bitcoins (buying BTC with free tether printing).. [1][2] The telltale sign of a bankrun at Bitfinex seems to be playing out, as you can see the spot price rises on Bitfinex meanwhile on other exchanges BTC spot price drops. Coinciding with the drop in USD:USDT pair losing its peg is a huge red flag. Bitfinex might attempt a last ditch effort to avoid a MTGOX like collapse, it could be though a large enough drop of the spot price on other exchanges along with Bitfinex purchasing back their customer deposits in a fraudulent version of short selling. Yet that assumes Bitfinex/Tether has liquid cash reserves to leverage such a trade. https://i.imgur.com/pBO0nfY.png https://i.imgur.com/pBO0nfY.png https://i.imgur.com/2DkzWWm.png https://i.imgur.com/2DkzWWm.png [1] https://www.nytimes.com/2018/06/13/technology/bitcoin-price-manipulation.html https://www.nytimes.com/2018/06/13/technology/bitcoin-price-... https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3195066 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3195066 [2] https://medium.com/@bitfinexed/latest https://medium.com/@bitfinexed/latest