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A) Bitfinex all morning has been showing rosier numbers than other exchanges. Which, of course they would, Tether is their scam. B) You aren't doing any favors
by greenthrow 4y ago
A) Bitfinex all morning has been showing rosier numbers than other exchanges. Which, of course they would, Tether is their scam.
B) You aren't doing any favors to the reputation of crypto bros by doing such a hard core ostrich impression.
- wruza 4y agoMaybe they have enough liquidity for it, since it’s their scam? I guess that FTT/Binance situation created an additional demand everywhere. The same depeg was observed after LUNA(?) news spread, afair, on a similar market.
- greenthrow 4y agoThere's almost $70 bn worth of USDT in the world. I don't believe Bitfinex has $70 bn of assets backing it. How much do they have? I dunno. But if there's a run we're gonna find out.
- shawabawa3 4y agoIf their latest attestation is to be believed, they have $52B in cash+equivs including $28B in treasury bills So it will need a big big run until they start hitting their dodgy reserves in metals and loans That's of course unless the attestation is BS or defrauded which is entirely possible
- zzleeper 4y agoNote that treasury bills (and more so treasury bonds) have taken a beating with the increase in interest rates... so I wouldn't be surprised if they lost quite a bit there.