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is my understanding of TETHERS correct?

bitfinex creates tethers out of thin air, sells them for coi...
Marvelous philosopher-king hunting ground
  01/17/18
BEEEEEEETCONNEEEEEEEEEEEEEECTT
exhilarant maniacal parlour halford
  01/17/18
they printed 100 million dollars worth of tethers today, 50 ...
Marvelous philosopher-king hunting ground
  01/17/18
Tether poised to hit 2 dollars
exhilarant maniacal parlour halford
  01/17/18
...
umber dragon
  01/18/18
https://twitter.com/TetheralReserve/status/95348297682588876...
Marvelous philosopher-king hunting ground
  01/17/18
...
exhilarant maniacal parlour halford
  01/17/18
https://twitter.com/TetheralReserve/status/95296249104214835...
Marvelous philosopher-king hunting ground
  01/17/18


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Date: January 17th, 2018 7:23 PM
Author: Marvelous philosopher-king hunting ground

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 tethers can't in practice be withdrawn, creators say it is auditable but refuse to allow an audit, and threaten to sue anyone who questions its legitimacy ?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: exhilarant maniacal parlour halford

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: Marvelous philosopher-king hunting ground

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: exhilarant maniacal parlour halford

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: umber dragon



(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: Marvelous philosopher-king hunting ground

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: exhilarant maniacal parlour halford



(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: Marvelous philosopher-king hunting ground

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

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