Bitfinex & Tether LOST $850 Million Dollars – Causes Bitcoin Dump




Latest news about Bitfinex and Tether

Article: https://www.coindesk.com/bitfinex-ny-prosecutors-tether-850-million-allege

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35 Comments

  1. Once the current issues are resolved, Bitfinex will certainly attempt to ensure that the spike that took place this spring happens again, they are ambitious like that

  2. who could be coordinating this whole incident, hm? sure it's cool to see stablecoins activating in such a manner, but Tether still got hurt by those allegations and thats kinda unfair, the coin didnt even do anything to deserve all that smearing it got, sigh

  3. okay, I gotta admit, i was shocked af when I heard about it, but then I got suspicious: Bfx was doing kinda well recently with new coins and all that, but now we suddenly get a scandal outta nowhere that media is jumping on so fiercely? smth is wrong, lets take our time and think here

  4. hey folks, pls note that Bitfinex is working as usual and its activies have the same value and quality, so lets calm down here or smth

  5. Read the original docs before fudding pls. Investors take their money from the market and btc's crashing because of the media and bloggers which are publishing based on the air "facts".

  6. Bitfinex is one of the biggest whales, what if they dump all their bitcoins and there are so many exchanges who have huge tether reserve, if they decides to get rid of their tether what is going to happen to bitcoin then. Won't it dump drastically.

  7. George, my man. This IS one of the few times where news literally causes the price action (per my strong opinion). I've ragged on you a lot about that stuff, but it is accurate on all accounts this time no matter what the opinion. Keep doing what you're doing man. I dig your channel!

  8. The solvency of the exchange has not suffered, and this is important.
    if the word "court" causes panic among traders – they should not engage in crypto-trading.

  9. I see no reason to believe the article which you suggested
    the woman with suspicious past ,Letitia James, who earlier stole $750M of public funds tries to blame the leading exchange
    She has no proves for that – just words!
    Bitfinex already replied that $850M are in safe – they aren't "stolen" as she says
    there are no needs to worry and panic

  10. I wanted to donate some BAT to your channel, but the lowest denomination possible is 20BAT. You should lower the amount to at least 5BAT if not one. Give people the option. Good video though.

  11. I was never in Tether to begin with. @CrytpoTips, CryptosRUs, and @Boxmining all said Tether was sketch and I held onto that advice. Glad I did! I def don't want to be in that ?⚰️ of a mess.

  12. .I'm totally agreeing that the market is absorbing this well so far. BAT rolled out it's rewards..it needed to pullback and it's indicators are maturing quite well in this sudden downwind. This could become a catalyst for the market.

  13. ahh people who wish electronic numbers to become money. Ahh I tried to tell you Gold and silver and maybe even palladium. the Fiat currency is almost dead….Invest in your communities money supply a sheckle for and our worked.

  14. The most unclear thing here is how this is all about Bitcoin decrease? I think it is too much to blame Bitfinex or Tether in what is happening with its rate.

  15. Sounds like the U.S. central banks (printing fiat) and Corporation using that false currency to buy back their stock tactics used in the Crypto space to commender Bitcoin a decentralized system intially denounced by these same banker types whose decided can't beat em take over em! By literally tethering it to a fiat behaving coin, further explaining the status quos media propaganda and U.S gov slow walking regulation directed at the uncomprised and threatening decentralized number 2 and 3 coins Ripple XRP and Ether having everyday use cases and Ultility functions, far from fiat, the former possibly becoming a reserve currency. I now question why the creator or creators of Bitcoin have been allowed to hid their idenity?

  16. This is so funny … Tether getting slammed because it lost $850M and doesn't have funds to back up its value! … Yet Bitcoin is effectively a Ponzi and has never had the funds to back up its value, yet it still exists!!!! Why worry about Tether when there is the big elephant in the room that can't pay out its claimed valuation!!!

  17. Look at the names connected to this 850 million dollar debacle; connections and partnerships with a blue chip coin; speed bump or pot hole over flow; no way to be certain just as of yet.

    Peace

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