/biz/ - Business & Finance

- Last year Bitfinex print Tether to recover liquidity after lost $850M from Crypto Capital.
- BTC start a crab market since summer after Tether stop printing money.
- Month ago Crypto Capital president was arrested on Poland for laundering money of $390M to drug cartel.
- All money from Bitfinex are now freeze due to money laundering.
- Bitfinex now cannot manipulate the market without liquidity. They just are gaining time lending money bettewn Tether and Bitfinex before the big crash.
- Bitfinex started the last 2 bullruns, first at $650.

https://cointelegraph.com/news/bitfinex-cries-fraud-as-crypto-capital-executive-indicted-by-us
https://www.theblockcrypto.com/post/44591/ceo-of-crypto-capital-arrested-in-alleged-money-laundering-operation

I'm sure the more optimistic among you have a ready made answer for the above question. Yet, I'm certain that you all have yet to answer it in a total fashion.

I also know that Tether has been discussed to no end on this board, and yet for some reason, the conversation about it doesn't seem to resonate throughout the ecology of cryptocurrency. Why is that? As I look at the "bitcoin" Google search history, past archived conversations about Tether, Youtubers criticizing it before and after the crash of 2017 and even now, and the recent issues with Bitfinex, I cannot help but wonder why the overall community is so calm.

Are people simply knowing that it's an incoming train wreck, but pretending everything is okay? An anon last night mentioned that Tether was not a Ponzi scheme, nor was it manipulating anything. Except, he was talking about it as if it's just a normal presence in the ecology of cryptocurrency. Is that really all? So if you're a resident of Florida, the crocodiles are just a normal part of the ecology, but they can fuck you up if you're not careful. Is it the same with Tether?

I find that hard to believe, and have yet to see an argument that accounts for the close movements of Tether with Bitcoin in recent history. If this is merely a tool for Chinese traders, does that not affect the rest of the crypto community? I feel that the entire ecology is abstracted out of the equation when only certain parties are discussed.

If Tether does manipulate, then the entire ecology is at risk of failure, and lasting failure.

You are all screwed.

> A New York-based Bitfinex account holder has revealed it’s still pretty easy to transact through Bitfinex as a U.S. user, despite the purported ban of stateside traders.

> The user, who has asked to remain anonymous, created an account called “ImaNYresident” and accessed Bitfinex from within the borders of the State of New York. The account holder found users need only select an option saying they are not a U.S. resident to continue using the exchange unabated.

https://www.theblockcrypto.com/2019/07/26/new-york-users-can-still-use-bitfinex-with-a-minor-fib-and-a-click-of-a-button/

Get a job wagie, smart money already sold.

To everyone who do not understand what happens in Bitcoin. Many interesting topics were discussed in this thread.

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The bitfinex doc to the NYAG has been released

>>14926335

The bitfinex doc to the NYAG has been released

https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=6drrB8uhuIMbaGMj5Nsd4g==

They basically are denying as much as they can. What you think is going to happen?