Things Got Weird for Tether | USDT Allegations Cause Market Drop
#Bitfinex is a shady operation run by pirates, but they are running a business that makes them the most money by operating a healthy platform.
I do not like tether, but I think the real reason it gets targeted is because it proves that a private company can issue a fiat currency without a central bank or government, and that really ticks off the hierarchy.
Just remember, the investigators from the NYAG’s office are paid in money that doesn’t exist EITHER, so the moralizing is pretty hypocritical. Based on the amount of money #Bitfinex makes, I’m also betting they are solvent either way, but I think we will find out soon.
Either way, you’re not keeping your coins on exchanges right? Are you? ARE YOU!?
Does #Binance Owns the most of #Tether ?? As shown Below ??
Response by #Binance CZ :
The bell is tolling for tether. Informed, educated traders have long suspected, and basically known, that #Tether did not make sense from day one.
This will send the market RACING BACK INTO #BTC so they do not get stung by the Tether Smack-down that's coming.