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It means absolutely nothing. The "loan" was made many months after the funds were transferred. In reality, Bitfinex does not treat Tether as an segregated accou
by qeternity 6y ago
It means absolutely nothing. The "loan" was made many months after the funds were transferred. In reality, Bitfinex does not treat Tether as an segregated account...it's just part of Bitfinex. When they lost money, they just used Tether funds and later on they formalized it as a loan when they started to be investigated.
It's like saying you gave yourself a $1k loan and then repaid it. It's just going from one pocket to the other. It's meaningless.
- atian 6y agoBitfinex makes a tremendous profit from being the most liquid spot exchange. It's meaningful in the fact that they have strong cashflow to back a stablecoin.