/biz/ - Business & Finance

>>5668900
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAH
HE WAS RIGHT ALL ALOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOONG

While bitfinex/tether's actions heavily imply fraud, can we come up with a model that makes them solvent?

Some theories say that they are borrowing money from a bank who keeps the USD in their accounts. They then proceed to margin buy bitcoin to drive up the price at critical moments and sell off during consolidation allowing them to repay the ghost loan.

The least likely possibility is that when someone wants to invest bitfinex directs the new investor to pay off the debt of earlier investors.

A theory I have not yet seen is that they are accepting cash deposits from CN citizens and using this to buy USTbills from the CN government. I think this would be the best possible outcome. The money is there just acquired in a really shady manner.

Can anyone explain why bitfinex is being so shady in a positive way?

Reminder: 60M tether printed yesterday. Boy it sure is lucky how every bearish signal is reversed just in time. Thank God for the institutional investors who don't like using exchanges with banking.

http://omnichest.info/lookupadd.aspx?address=3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL