That seems to assume that Bitfinex can repay them, which is in no way clear. If Bitfinex can't cover the loss, they're insolvent. If everyone redeemed their T

That seems to assume that Bitfinex can repay them, which is in no way clear. If Bitfinex can't cover the loss, they're insolvent. If everyone redeemed their Tether, it's not a delay it's "you're not getting all of your money back" As Bitfinex's finances are far from transparent, it's not clear if they're insolvent or not...