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is my understanding of TETHERS correct?

bitfinex creates tethers out of thin air, sells them for coi...
Floppy Mischievous Becky Sweet Tailpipe
  01/17/18
BEEEEEEETCONNEEEEEEEEEEEEEECTT
Lilac Slippery Legal Warrant
  01/17/18
they printed 100 million dollars worth of tethers today, 50 ...
Floppy Mischievous Becky Sweet Tailpipe
  01/17/18
Tether poised to hit 2 dollars
Lilac Slippery Legal Warrant
  01/17/18
...
Marvelous flushed newt property
  01/18/18
https://twitter.com/TetheralReserve/status/95348297682588876...
Floppy Mischievous Becky Sweet Tailpipe
  01/17/18
...
Lilac Slippery Legal Warrant
  01/17/18
https://twitter.com/TetheralReserve/status/95296249104214835...
Floppy Mischievous Becky Sweet Tailpipe
  01/17/18


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Reply

Date: January 17th, 2018 7:23 PM
Author: Floppy Mischievous Becky Sweet Tailpipe

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 tethers can't in practice be withdrawn, creators say it is auditable but refuse to allow an audit, and threaten to sue anyone who questions its legitimacy ?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

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



Reply

Date: January 17th, 2018 7:25 PM
Author: Lilac Slippery Legal Warrant

BEEEEEEETCONNEEEEEEEEEEEEEECTT

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



Reply

Date: January 17th, 2018 7:25 PM
Author: Floppy Mischievous Becky Sweet Tailpipe

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

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



Reply

Date: January 17th, 2018 7:29 PM
Author: Lilac Slippery Legal Warrant

Tether poised to hit 2 dollars

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



Reply

Date: January 18th, 2018 1:37 AM
Author: Marvelous flushed newt property



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



Reply

Date: January 17th, 2018 7:35 PM
Author: Floppy Mischievous Becky Sweet Tailpipe

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

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



Reply

Date: January 17th, 2018 7:38 PM
Author: Lilac Slippery Legal Warrant



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



Reply

Date: January 17th, 2018 7:36 PM
Author: Floppy Mischievous Becky Sweet Tailpipe

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

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