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is my understanding of TETHERS correct?

bitfinex creates tethers out of thin air, sells them for coi...
Indecent boyish ape
  01/17/18
BEEEEEEETCONNEEEEEEEEEEEEEECTT
fantasy-prone depressive
  01/17/18
they printed 100 million dollars worth of tethers today, 50 ...
Indecent boyish ape
  01/17/18
Tether poised to hit 2 dollars
fantasy-prone depressive
  01/17/18
...
stimulating aquamarine weed whacker site
  01/18/18
https://twitter.com/TetheralReserve/status/95348297682588876...
Indecent boyish ape
  01/17/18
...
fantasy-prone depressive
  01/17/18
https://twitter.com/TetheralReserve/status/95296249104214835...
Indecent boyish ape
  01/17/18


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Date: January 17th, 2018 7:23 PM
Author: Indecent boyish ape

bitfinex creates tethers out of thin air, sells them for coins on their own exchange, which ends up pumping other exchanges. tethers can't in practice be withdrawn, creators say it is auditable but refuse to allow an audit, and threaten to sue anyone who questions its legitimacy ?

if this is true, under what circumstances would this fraud be exposed?

(http://www.autoadmit.com/thread.php?thread_id=3863133&forum_id=7#35179098)



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Date: January 17th, 2018 7:25 PM
Author: fantasy-prone depressive

BEEEEEEETCONNEEEEEEEEEEEEEECTT

(http://www.autoadmit.com/thread.php?thread_id=3863133&forum_id=7#35179109)



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Date: January 17th, 2018 7:25 PM
Author: Indecent boyish ape

they printed 100 million dollars worth of tethers today, 50 mil yesterday, and a lot immediately before that trying to keep this fraud pumping

(http://www.autoadmit.com/thread.php?thread_id=3863133&forum_id=7#35179121)



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Date: January 17th, 2018 7:29 PM
Author: fantasy-prone depressive

Tether poised to hit 2 dollars

(http://www.autoadmit.com/thread.php?thread_id=3863133&forum_id=7#35179152)



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Date: January 18th, 2018 1:37 AM
Author: stimulating aquamarine weed whacker site



(http://www.autoadmit.com/thread.php?thread_id=3863133&forum_id=7#35181403)



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Date: January 17th, 2018 7:35 PM
Author: Indecent boyish ape

https://twitter.com/TetheralReserve/status/953482976825888769

(http://www.autoadmit.com/thread.php?thread_id=3863133&forum_id=7#35179186)



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Date: January 17th, 2018 7:38 PM
Author: fantasy-prone depressive



(http://www.autoadmit.com/thread.php?thread_id=3863133&forum_id=7#35179197)



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Date: January 17th, 2018 7:36 PM
Author: Indecent boyish ape

https://twitter.com/TetheralReserve/status/952962491042148352

(http://www.autoadmit.com/thread.php?thread_id=3863133&forum_id=7#35179189)