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Probably the Tether execs doing the old pump and dump to cash in before they face the subpoenas and the downward spiral of criminal reckoning... I doubt anythin
by headsoup 5y ago
Probably the Tether execs doing the old pump and dump to cash in before they face the subpoenas and the downward spiral of criminal reckoning...
I doubt anything was 'bought,' probably more likely 'traded.'
- anonporridge 5y agoFor this to be the case, it requires that there exists $1.6 billion in demand for Tether, right? Who are these people that are demanding and holding that much of something even the crypto community thinks is fishy and likely to collapse someday?
- headsoup 5y agoTether in the past have created millions of tokens out of thin air, so could just be that again... Speak of the devil, look what's popped up on HN: https://www.bloomberg.com/news/features/2021-10-07/crypto-mystery-where-s-the-69-billion-backing-the-stablecoin-tether https://www.bloomberg.com/news/features/2021-10-07/crypto-my...