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/biz/ - Business & Finance


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13482086 No.13482086 [Reply] [Original]

they are not allowed to access or move ANY funds and are required to preserve all documents.

bitfinex filed this motion today to try and prevent this from happening

https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=JcKQms/tM52ywY78HUsInw==

things are not looking so good for them

>> No.13482093

>>13482086
hey bear cope

>> No.13482129

>>13482086
Ughh let this scam die already

>> No.13482152

does that mean they closed withdrawals?

>> No.13482195
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13482195

>>13482152
its ogre, you cant even cash out

>> No.13482204

>>13482152
They can't process fiat withdrawals without access to funds

>> No.13482226

>>13482152
Yes.

>> No.13482256

Good so I've got a few days yet to get out

>> No.13483044

>b-b-b-but china

>> No.13483060

>>13482086
why is tether not crashing

>> No.13483065

>not allowed

Kek they won't even show up

Yolo

>> No.13483092

>>13483065
they cant ignore it or the money will be seized

>> No.13483094

>>13483060
Why didn't you sell your BTC to the fags panick buying in? And buying back the next day lower?

>> No.13483097

>>13482204
who the fuck cares about fiat
just convert them all into cryptos

>> No.13483112
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13483112

>>13482086
Thanks anon, this helps with my bonus!

>> No.13483128

>>13482086
https://www.justice.gov/usao-sdny/pr/arizona-man-and-israeli-woman-charged-connection-providing-shadow-banking-services

GET THE FUCK OUT OF CRYPTO IMMEDIATELY

>> No.13483153

>>13483128
idiots will be idiots, hodlers will ne hodlers

>> No.13483165

>>13483128
I don't get it
People will just try to get out of Bitfinex by converting their USD into cryptos
How's this bearish?

>> No.13483177

>>13483165
>why would a collapse of the largest crypto to fiat exchange be a bad thing

>> No.13483184

>>13483165
>why would taking 3 BILLION "DOLLARS" out of a market be a bad thing

>> No.13483187

>>13483092
What money? You assume they haven't embezzled all of the deposits out already.

>> No.13483191

>>13483165
because Bitfinex has to liquidate holdings to stay solvent. At the same time as they liquidate the price drops. They dont have enough money for people to buy back in.

>> No.13483192

>>13483177
Bitfinex is barely relevant nowadays. Most newfags don't even have its account.

>> No.13483194

>>13483165
USDT/BTC pair skyrocketing to 40.000
meanwhile
USD/BTC pair crashing to 1.000

How is this a bad thing?

>> No.13483220

>>13483194
You understand USDT is a digital token run on Omni chain right? USDT can be traded with or without Bitfinex. Personally I've done a few trades with my local pals.

>> No.13483224

>>13483192
bitfinex is literally the largest crypto to fiat exchange...not to mention that all of the non fiat exchanges like binance and huobi are infected with shit loads of USDT that would go to zero

>> No.13483230

im using PAX as my stable coin.

>> No.13483235

>>13483220
it doesnt matter if you can trade it if its worth ZERO

>> No.13483258

BitFinex is too big to fail. I'm sure all the other exchanges will bail them out. There's to much money and business at stake.

>> No.13483265

>cash equivalents

What does this mean?

>> No.13483275

>>13483224
based on which stats?
It was the largest maybe 2 years ago.
I highly doubt it now as there are like 10 stable coins.

>> No.13483277

>>13483258
just like mt gox was too big to fail? they had a much higher % of the market than finex does

>> No.13483288

>>13483275
dude look on cmc. it is without a doubt the largest exchange and stable coin

>> No.13483294

>>13483277
That was a different time. It wasn't as big yet. Not so many thriving businesses as now. This time is unironically different. It is in everybody's interest to bail Finex out. I'm sure Blockstream will soon announce the measures and actions to be taken by the cryptocommunity. And in a few months we'll all be laughing about this.

>> No.13483373

>>13483294
t. Tether shill

>> No.13483394

>>13483373
bitfinex actually does have shill accounts on twitter to push this fractional reserve narrative. almost all of the users commenting shit like this are brand new accounts. it wouldnt surprise me if they are here as well

>> No.13483429

>>13483373
Brainlet

>> No.13483445

That was a different time. It wasn't as big yet. Not so many thriving businesses as now. This time is unironically different. It is in everybody's interest to bail Finex out. I'm sure Blockstream will soon announce the measures and actions to be taken by the cryptocommunity. And in a few months we'll all be laughing about this.

>> No.13483483
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13483483

>>13483128
the plot thickens indeed. the $850m that was seized from bitfinex is in conjunction with these arrests for financial crimes. BITFINEX IS NOT GETTING THIS MONEY BACK

>> No.13483525

>>13483060
this time it won't just crash, it will be delisted from everywhere.

>> No.13483538

The May 3rd hearing of Bitfinex will be pretty interesting now. The move of the NYAG and DOJ was coordinated, they are going to make an example out of Bitfinex.

>> No.13483671

BTC will flash crash this weekend.

>> No.13483720

>>13482086
still harping on the tetherfud? HAHA this shit doesn't work no more bear faggots. you're shorts will get squeezed and liquidated

>> No.13483740

>>13483720
The difference is that it's no longer FUD --- it's REAL

>> No.13483749
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13483749

fuck em up Tether!

>> No.13483753

>>13483740
the difference is that Tether is not the only stable coin anymore

>> No.13483924

Any oldfags remember when the DOJ pushed the shit out of the online poker (Full Tilt Poker) and other sites back in 2011? This USDT/Bitfinex situation feels oddly similar... Online poker never recovered to the point where it was at the beginning of the decade.