Everyone knows Tether is a scam. This implies that Bitfinex .
Bitfinex, which shares a parent company and executive team with Tether Ltd (the issuer of its namesake cryptocurrency), struggled to find US banking partners after Wells Fargo abruptly stopped processing wire transfers between the exchange’s Taiwanese banks and their American customers in 2017 without giving reason. This was a problem.
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Tether & Bitfinex have turned crypto markets into a casino that’s always rigged in their favour Ginsberg Aug 22, 2021 · 15 min read The world’s largest ‘stablecoin’ with a mysterious origin story;.
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Tether is a scam. Yes. Bitfinex is about to go under. But exchanges still see your position. They still manipulate the price. You are still going to get liquidated. That jump to 7400 you saw a few days back WAS Tether having a heart attack. Do not ever trade crypto on margin. 765 views View upvotes Sudais Asif , Cryptocurrency Enthusiast
Cryptocurrency Tether accused of being a scam and pumping up .
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Founded in 2015, Tether is connected to the online exchange Bitfinex. While the founders of that exchange had long insisted Tether was a separate entity, The New York Times reported in November .
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The operation ran smoothly until 2018 when Tether’s sister company, Bitfinex Inc., gave $850 million to the corrupt third-party payments processor, Crypto Capital Corp Inc., a Panama based mafia bank that promised to handle Bitfinex’s customer withdrawals because they were unable to secure banking relationships due to their lack of KYC checks.
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high-powered lawyers, jaundiced traders, rogue economists, industry whistleblowers, crypto gadflies, and several u.s. law enforcement agencies claim that tether is part of an elaborate scam that.
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Tether is a cryptocurrency that is hosted on the Ethereum blockchain with tokens issued by Tether Limited, which in turn is controlled by the owners of Bitfinex. Tether is called a stablecoin because it was originally designed to always be worth US$1.00, maintaining $1.00 in reserves for each tether issued.
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However, Bitfinex is the Cryptocurrency Exchange which is consistently considered to be a big part of the Tether coin scam. This is because a lot of the exceptional figures gotten from Bitfinex had mirrored Tether in the course of its commencement.