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/biz/ - Business & Finance

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File: 275 KB, 3200x2400, Cryptocurrency-Tether-Usdt-Logo-Graphics-13393983-1.jpg [View same] [iqdb] [saucenao] [google]
52562203 No.52562203 [Reply] [Original]

Bitfinex insider here. I have undisclosed information about Tether that, I believe, any defensor of cryptocurrency needs to hear. I'm sharing it here before leaking it onto Twitter.

While FTX's downfall, Bitfinex was on the verge of closing a long-term financial agreement with one of the South American governments with the most patrimony (can't reveal which one because intelligence services could decipher where this leak comes from a lot more easily), after all the drama, it was more than clear that this deal was needed in order to remain solvent on a structural level, hence everyone inside-doors was expecting the results of the final negotiations.

Thing is, this government has also been massively affected by the recent random crash, hence the agreement can't be closed by the moment, and not not only Bitfinex needed the money to remain solvent, but also iFinex Inc and several USDT logistics cells all over the world.

Printing is on the table, but the amount needed to move forward is simply gargantuan enough for EVEN Tether to not do it. From now on, only one of these two scenarios is happening:
1. Tether prints more money in a week than in the whole past year.
2. Bitfinex comes clean about its insolvency.

I don't know the correct move from now on, USDT's hypothetical downfall would clearly dump the whole market to (at least) 3k BTC, and stables wouldn't be safer either since the most important factor for stables (trust) would be completely obliterated after Bitfinex's insolvency.

Please don't post this anywhere else yet, the leak has to be progressive so EVERYTHING gets properly exposed. I'm 100% open to answer any questions.

>> No.52562228

Tether was always a ticking time bomb. I guess time's up.

>> No.52562247
File: 96 KB, 500x501, 225239A1-6243-484C-A458-9098FABB4114.jpg [View same] [iqdb] [saucenao] [google]
52562247

How many tongues per second can you lap at my anus?

Obligatory:

NIGGER..............NIGGERNIGGERNIGGER
NIGGER..............NIGGERNIGGERNIGGER
NIGGER..............NIGGERNIGGERNIGGER
NIGGER..............NIGGER
NIGGER..............NIGGER
NIGGER..............NIGGER
NIGGERNIGGERNIGGERNIGGERNIGGER
NIGGERNIGGERNIGGERNIGGERNIGGER
NIGGERNIGGERNIGGERNIGGERNIGGER
.........................…NIGGER.........…..NIGGER
.........................…NIGGER...........…NIGGER
.........................…NIGGER...........…NIGGER
NIGGERNIGGERNIGGER...........…NIGGER
NIGGERNIGGERNIGGER...........…NIGGER
NIGGERNIGGERNIGGER...........…NIGGER

>> No.52562263

>>52562203
How much Chinese collateral (evergrande) tether has?

>> No.52562267

Interesting. If Tether and GBTC both go belly up in a week yes 3k BTC will happen for sure. There are probably another 5-6 decent size exchanges are market makers that are on verge of bankruptcy.

>> No.52562276

>>52562203
>Tether prints more money in a week than in the whole past year.
I'll take door number one. Tether doesn't print hardly anything during downtrends retard. We've been trending down for over a year now. Fuck you.

>> No.52562287

>>52562203
>Please don't post this anywhere else yet, the leak has to be progressive so EVERYTHING gets properly exposed. I'm 100% open to answer any questions.
Ok, sure thing, you can trust us.

>> No.52562319

>>52562203
k, keep me posted

>> No.52562330

>>52562203
Bullshit post, there's only two governments in South America with significant assets and that haven't been deteriorating hard before the flu, and that's Chile and Brazil (both of them completely fucked by flu gibs anyways)

>> No.52562338

>>52562247
>HH id
Take my power anon

>> No.52562341

>>52562263
Not enough. Also one of the most stressing actors in the space are the Chinese; they not only own enough of any crypto in the top 20 (except BTC and ETH) to dump it around 40% in a bull market, but also they're balls deep involved in the legal ongoing of any blockchain out there. Bitcoin and Ethereum included.
>>52562267
>There are probably another 5-6 decent size exchanges are market makers that are on verge of bankruptcy.
This is also extremely true, and It's honestly unbelievable how no one is speaking about this in public. We're on the verge of the most absurd black swan ever.
>>52562276
Read again. Also, you're not taking into account a huge amount of factors involved here, such as inflation and current market sentiment. Please take this a little more seriously.
>>52562287
I learned a lot of what drove me to this job thanks to /biz/, I owe this site a lot.

>> No.52562342
File: 1.03 MB, 565x720, 1620772600078.png [View same] [iqdb] [saucenao] [google]
52562342

>>52562247
Very impressive display of autism anon, well done.

>> No.52562366

>It's another low IQ Tetherfud thread
Check this 6

>> No.52562374

>>52562203
Weird Question. What are your thoughts on an idea.
What happens if the entire world debt across all markets goes to 0?

>> No.52562407

>>52562374
Most wars and sociopolitical problems would end in a 5-year span. Also, continents such as Africa, Central, and South America would emerge as 1st world continents in 20 years. Also, Asia would officially become the strongest economy on the globe.

>> No.52562433

>>52562203
It involves Mexico and Calos Slim. Proof:
https://youtu.be/1vAqaUwLg7g

>> No.52562461
File: 2.97 MB, 306x205, 1642559676061.gif [View same] [iqdb] [saucenao] [google]
52562461

>>52562407
YEAH FUCKING RIGHT

>> No.52562540

>>52562203
what do you think will happen to busd?

>> No.52562580

>>52562366
checked

>> No.52562653

>>52562247
wow nostalgia :)

>> No.52562860

>>52562247
Giga based

>> No.52562906

>>52562247
based and /thread

>> No.52562955

actual insiders doesn't write a blog

>> No.52563030

>>52562330
OP is talking about Argentina

>> No.52563049

Bitfinex'd do be getting desperate now.

>> No.52563062

Is BUSD any better?

>> No.52563073

>>52562203
Hi coffeezilla

>> No.52563088

Can’t wait for the great crypto reset

>> No.52563113

fake and gay

>> No.52563154

>>52562407
>Africa
The only reason the subsaharan niggers are not in mud huts right now is that western and asian companies need their natural resources. They own and operate all the mining, and make sure the infrasucture is good enough for it to function. The niggers can't manage their shit on their own so there is absolutely no chance africa ever becomes 1st world. It can only be either a colony managed by westerners/asians, or a primitive shithole

>> No.52563194

i already cashed out at 22k and aint investing in this shit again.

>> No.52563200
File: 72 KB, 482x523, 1669085563790354.png [View same] [iqdb] [saucenao] [google]
52563200

Just fucking turn off CFDs. We see the mass exodus from exchanges and acoomulation on ledger yet the prices keep dropping. Why do you hate XRP and schizos?

Hating XRP isn't in the Vuvuzela Scrolls.

...or is it?

DO SOMETHING CAROLINE, YOU RESEARCH FERRET

>> No.52564446 [DELETED] 

>>52562203
OP is a (literal) jew judging by his writing

>> No.52564470

>>52563200
ledger is dumping its inventory of hard wallets!