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From the post: "Allegation #1: The 2017 Bitcoin Bubble was market manipulation, and Tether was how they did it Allegation #3: They might’ve gotten away with i
by neiman 7y ago
From the post:
"Allegation #1: The 2017 Bitcoin Bubble was market manipulation, and Tether was how they did it
Allegation #3: They might’ve gotten away with it, too, if they hadn’t gotten robbed while busy scamming"
But the big Bitfinex hack was in 2016, while the bubble in 2017. What do I miss here?
- vkou 7y agoBetween 2017 and 2019, they sent hundreds of millions of dollars to a money launderer (Crypto Capital), who outright stole 10% of them, and had much of the rest frozen by the SEC. Bitfinex currently claims that the IOUs they have from Crypto Capital are worth the paper they are printed on. I have strong doubts about the accuracy of this claim.
- neiman 7y agoThanks!
- wmf 7y agoCrypto Capital Corp stole/lost $850M from Tether/Bitfinex in 2018. https://www.kalzumeus.com/2019/10/28/tether-and-bitfinex/ https://www.kalzumeus.com/2019/10/28/tether-and-bitfinex/