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13439872 No.13439872 [Reply] [Original] [archived.moe]

GET THE FUCK OUT NOW

>> No.13439875

>>13439872
Omfg

>> No.13439883

>>13439872
>Seized
>Financially strong

>> No.13439886

this is a lot worse than i thought...

>> No.13439892

>>13439872
Just quit faggot. Bear market is over. Accept it.

>> No.13439897

>>13439872
Holy shit this is BAD

>> No.13439900

>>13439872
Fucking jew scum

>> No.13439908

>believing Jewish JEWdicial system
Prosecutors say all kinds of clown shit. Nothing they say has to be based in fact;
See literally any case associated with Charlottesville

>> No.13439909

>>13439872
>>13439875
>>13439883
>>13439886
>>13439897

This discord Bobo bullshit is so gay.

>> No.13439910

>>13439892
Have fun

>> No.13439919

>>13439875
>>13439886
>>13439892
>>13439897

How bad, shills? BAD-BAD? end is near? "This is it"?

>> No.13439924

>>13439909
see a doc for your mental health problem

>> No.13439939

WASSA WASSA WASSA BITFINEEEEEEEEEEEEEEEX

>> No.13439940

>hey dont worry guys everything is fine

>> No.13439943
File: 7 KB, 250x222, Worried Wojak.jpg [View same] [iqdb] [saucenao] [google] [report]
13439943

>>13439872
Guys what if Bitcoin goes bankrupt??

>> No.13439946
File: 949 KB, 2304x1642, coincidence.png [View same] [iqdb] [saucenao] [google] [report]
13439946

>> No.13439950

>>13439872
WTF this is written by a jew for sure. first time i read it i was positive. then OP points out shit and its all BS AHHHHHHHHHHHHHHHAAA

>> No.13439955

What does any of this even mean

>> No.13439958
File: 374 KB, 1425x971, debate.png [View same] [iqdb] [saucenao] [google] [report]
13439958

If you lost money in this you are... there is not even a word to describe it. The factorial of a retard.

People have been screaming from the rooftops about Bitfinex for years now.

>> No.13439960

>>13439872
A Bold and Brave statement which inspires to continue entrusting them with thousands of dollars. That bit where they explained carefully WHY they gave Crypto Capital $850 mill in the first place was especially trust-securing. JUST take my money, more of it, all of it, NOW

>> No.13439963

>>13439946
Jesus

>> No.13439977

>>13439958
Probably for good reason too

>> No.13439978
File: 893 KB, 1427x766, bitfinex-carlos-meme.png [View same] [iqdb] [saucenao] [google] [report]
13439978

HEY HEY HEY

>> No.13439981

holy shit this is a bombshell. I think crypto might unironically be over.

>> No.13439988

>>13439955
You have to go back

>> No.13440001

>>13439872
This unironically sounds EXACTLY like Mt gox right before the collapse

>> No.13440008

>>13439981
>o lord God jesus Christ
kek knows crypto is in trouble

>> No.13440012

>>13439872
Stop being such a retarded faggot and read the NYAG filings. If you did you'd learn that Tether lent Bitfinex money on a 3 year term at 6% interest (the term is something like that I don't know for certain and I don't have the document still open) (to let Bitfinex's customers withdraw) to cover for the seized money from CC. But they didn't disclose this information to their customers. No one lost money. This is what this is all about you room temperature IQ daft cunts.

>> No.13440017

>>13439872
>FULL STOP

damn how bad is this?

>> No.13440031

>>13440012
Short version - this is a big fat nothing burger about something that happened from October 2018

>> No.13440034

>>13440012
Which means best case is that tether is now out 850 mil...and their scam tokens are not backed by real dollars...

>> No.13440038

>>13439872
Bitcoin vs Jews, the final showdown. Who will win?

>> No.13440051

>>13440031
>>13440034
>in tether we trust
nice delusions bro

>> No.13440053
File: 41 KB, 500x382, MrB.jpg [View same] [iqdb] [saucenao] [google] [report]
13440053

>>13439955
You always want to look strong so you can dump your personal holdings first at the highest price possible before you exit. This is zero sum game 101 and it is exactly what Bitfinex is doing.

>> No.13440056

>>13439909
>>13439919
Except its not shills, just oldfags that knew the btc ath pump was faked buys with tether, its atrocious how long this tether scam has been sustained, tether is apparently backed buy USD(not really they just issue out more whenever they want) but tether is banned in the USA. How much mental gymnastics do you need to cope with the fact that shit doesnt make sense, not to mention, tethers mcap just keeps climbing and climbing, why? To sustain the scam

>> No.13440057

>>13440012
Not only did they not disclose it, they flat out lied about it and violated various other securities regulations. This is not a repeat of October.

>> No.13440062
File: 17 KB, 413x395, DD.jpg [View same] [iqdb] [saucenao] [google] [report]
13440062

>>13440038
>Actually thinking that there's any diffrence.

>> No.13440072

>>13439892
If you mean Tether is over, regulation is happening and then we go 100k, then yes.
If you mean Tether is okay and won't cause short term panic, then no.

>> No.13440074

>>13439943
Fuck... My dad works at Bitcoin. How will my family eat?!

>> No.13440081

this is so bad bros I'm ata loss for word for how bad this is

>> No.13440090

>So according to OAG, Bitfinex told them they don’t believe the $850 million held by Crypto Capital was seized by authorities but now in statement to public Bitfinex claims funds are “seized and safeguarded”?
>>13440081
>o lord
checked

>> No.13440098
File: 90 KB, 699x775, 1556034489018.jpg [View same] [iqdb] [saucenao] [google] [report]
13440098

>>13440012
>If you did you'd learn that Tether lent Bitfinex money

>> No.13440104

>>13440034
Bitfinex has borrowed money from Tether's cash reserves. To spell it out for you, this means that Bitfinex will repay Tether meeting the term that they both agreed upon.

>> No.13440107

>>13440031
>big fat nothing burger
looks like a big fat hole around $850 mill wide that everyones skirting around and pretending don't exist to me. Regardless rights, wrongs or otherwise - 'seized' = 'we are not expecting to see this again anytime soon' = Don't be Last in Grab Your Cash Back musical chairs

>> No.13440115

>>13440057
This is what everybody seems to be missing. NOT ONLY IS THE LARGEST FIAT TO CRYPTO EXCHANGE UNDER DIRECT INVESTIGATION (that also happens to control the action on every other exchange through usdt as well), BUT THEY ARE ADMITTING TO THE FACT THAT THEY HAVE DID NOT HAVE THE FUNDS AVAILABLE TO FACILITATE CUSTOMER WITHDRAWALS

>> No.13440125

>>13440098
Please explain how that's not true. Maybe I misunderstood the filings? Am I wrong?

>> No.13440142

can someone explain exactly how and why so much 'money' was seized in the first place?

>> No.13440158

>>13440115
Sorry sweety, if this was the end of tether they would have exit scammed before anyone else even had a chance to exit.

>> No.13440161

>>13440115
just start a central crypto bank ahahahahahahn

>> No.13440162

>>13440142
Someone in a suit ordered someone with a gun to visit someone with a computer.

>> No.13440165
File: 206 KB, 650x843, file.png [View same] [iqdb] [saucenao] [google] [report]
13440165

>>13440142
pic related is a screenshot from this document:
https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=vIexA1b0spKOnK_PLUS_ZUGTJ3A==&system=prod

>> No.13440181

>>13440104
>>13440125
What don't you understand? Bitfinex doesn't have the money to repay right away (which is why they borrowed it in the first place - to keep their exchange and usdt from going belly up in October) and now that this 850 mil is GONE (seized money usually doesn't get returned, and if it does it takes YEARS and a lot of lawyer fees) and USDT has a gaping fucking hole in it. This is only scratching the surface. It's not good.

>> No.13440206

>>13440181
>and now that this 850 mil is GONE
the money that they borrowed from Tether isn't gone

>> No.13440214

>>13440165
seizing $850mm due to a suspected fraud
What suspected fraud? the use of tethers as a stablecoin or?

>> No.13440222

That's it, I'm gonna start trading on COSS

>> No.13440225

>>13440206
It was used to pay for customers withdrawals...

>> No.13440250 [DELETED] 

>>13440181
>a gaping fucking hole
A 30% hole, making 1usdt=1usd

>> No.13440262
File: 184 KB, 1024x1024, CA2D117F-4543-4332-9A24-5295D786135F.jpg [View same] [iqdb] [saucenao] [google] [report]
13440262

Alright fuck it, I’m a /COSSmarine/ now, who else is in?

>> No.13440267

>>13440225
No shit sherlock that was the whole point of borrowing that money. Because Crypto Capital which was holding Bitfinex's customers money suddenly turned around and said they couldn't access it. So Bitfinex says to Tether we need to borrow money. Tether and Bitfinex negotiate. Bitfinex borrowed the money to let customers withdraw. Then Bitfinex will pay back Tether over the three year period. From money that they make from running the exchange. Which is why they run the exchange - to make money.

>> No.13440268

>>13440181
>a gaping fucking hole
1usdt=0.7usd right now

>> No.13440273
File: 676 KB, 2048x2048, gregmaxwell1.jpg [View same] [iqdb] [saucenao] [google] [report]
13440273

>>13440038
Bitcoin became the Jew when Blockstream took over.

>> No.13440275

>>13440214
'seized' simultaneously in Poland, Portugal and USA? Its horseshit, and NYC AG could confirm, whether Murican authorities have seized ANYTHING relating to Crypto Capital. tldr, ts gone, and its not coming back - meanwhile, Bitfinex is being funded from Tethers capital, facts which no-one bothered explaining to the public, whose money it actually is

>> No.13440299

>>13440267
Why would you trust Bitfinex to make that kind of money back after all the shit that’s happened?

>> No.13440310

>>13440299
They should make a token like an iou and list that on their exchange against btc. Get people to trust said iou and print a shitload of it to pay people back.

>> No.13440320

>>13440310
Lmao

>> No.13440326
File: 49 KB, 745x481, Unification.jpg [View same] [iqdb] [saucenao] [google] [report]
13440326

>>13439872
WEEWOOWEEWOO

There is something to this coin and stablecoins

It will be revealed soon.

>> No.13440329

>>13440267
DO YOU NOT FUCKING UNDERSTAND THAT USDT IS SUPPOSED TO BE BACKED BY REAL DOLLARS? INSTEAD THEY ARE BACKED BY "ASSETS" SUCH AS MASSIVE AMOUNTS OF SHARES OF IFINEX INC. UDST IS LITERALLY BACKED BY SHARES OF BITFINEX, WHICH OPERATES THROUGHOUT THE ENTIRE CRYPTO MARKET UNDER THE ASSUMPTION THAT TETHERS ARE REDEEMABLE ON THEIR PLATFORM FOR 1:1 USD. THE ENTIRETY OF CRYPTO IS ESSENTIALLY BACKED WITH TETHERS THAT ARE BACKED BY SHARES OF BITFINEX. THE MONEY IS GONE RETARD. THEY ADMITTED THAT A LARGE PORTION WAS SEIZED. WAKE THE FUCK UP

>> No.13440344

>>13440329
It’s also backed by shitcoins according to a terminated finex employee. This is a great shitshow

>> No.13440348

>>13440329
nobody gives a shit about your fiat gramps

wake me up when my cold storage is compromised

>> No.13440356

>>13440329
>THEY ADMITTED THAT A LARGE PORTION WAS SEIZED.
WHO THE FUCK IS THEY DICKHEAD?? CRYPTO CAPITAL - CORRECT?? CRYPTO CAPITAL FUCKED OVER BITFINEX

>> No.13440364

>>13440267
>finex will come up with $800m to repay in a reasonable timeframe
>existing holders of USDT will be cool with the fact that $800m of o/s USDT is actually backed by a bullshit IOU from an insolvent exchange (that's directly associated with USDT and the same two execs signed both sides of the ((loan agreement))

>> No.13440368

>>13440356
>CRYPTO CAPITAL FUCKED OVER BITFINEX
DON'T SEEM TO HAVE BEEN ALL TOO DIFFICULT A TASK THAT THO, EH ? EH ?

>> No.13440369

>>13440356
Oh okay that makes it cool to raid the reserves of tether then, fraud and securities lawbreaking is justified if you're in a bad spot

>> No.13440374

>>13440356
More reasons to trust finex

>> No.13440379

>>13440267
Not sure if you are a dumbass or just trolling, but this isnt good. Tether IS bitfinex, they basically dug a hole in tether’s supposed “reserves” to cover their massive shortfall in withdrawals, and more importantly were stupid enough to get caught doing this. Everything else in their press release is just marketing gibberish designed to buy time as they exit scam with money from retards like you.

>> No.13440385

>>13440379
Look at his other posts. Wouldn’t be surprised if he has some sort of mental illness irl

>> No.13440394

>>13440356
IT DOESNT MATTER IF IT WAS ACTUALLY SEIZED OR STOLEN RETARD. CRYPTO CAPITAL HANDLED THE FUND FOR QUADRIGAX ALSO. THE BOTTOM LINE IS THAT THE MONEY THAT IS SUPPOSED TO BE BACKING TETHERS (OR AT LEAST A HUGE CHUNK OF IT) IS FUCKING GONE. WHY IS THIS SO HARD FOR YOU TO UNDERSTAND?

>> No.13440402

SO SHOULD I STILL BE HODLING TETHER OR CONVERT IT TO SOMETHING ELSE LIKE BNB HELP ME OUT FELLOW BEARS

>> No.13440412

>>13440402
usdc, pax, or tusd

>> No.13440418
File: 40 KB, 800x450, pepelaughz.jpg [View same] [iqdb] [saucenao] [google] [report]
13440418

Imagine defrauding with a completely traceable asset indexed on a blockchain

>> No.13440420

>>13440402
We don’t know the full extent of the rot, which is why I cashed out in early 2018.

>> No.13440439

Mt.gox 2.0

>> No.13440505

>>13440299
i could say with medium-high confidence that bitfinex is making back enough fees to repay the loan. look at their volume and then their fees. and the market isn't even that bullish right now which makes it even more impressive desu.

>>13440369
tether didn't get raided, they fucking agreed and negotiated with bitfinex.

>>13440394
i interpreted it as another reserve not the one that reserves tether 1:1

>> No.13440535

>>13440505
>i could say with medium-high confidence that bitfinex is making back enough fees to repay the loan. look at their volume and then their fees. and the market isn't even that bullish right now which makes it even more impressive desu.

then why did they need to borrow the money in the first place? what if they need more money for future withdrawals? i see no reason for you to be defending bitfinex unless you are holding bags.

>> No.13440536

>>13439872
I'm gonna dyor on this a little more before shitposting. this looks pretty bad

>seized and safeguarded
>we have been actively working to exercise our rights and remedies and get those funds released
Wait who seized the funds and why do they think they'll even be able to get them back in the first place?

>> No.13440538

Welp, the whole BTC think was a neat idea while it lasted

>> No.13440557

>>13440536
the funds are gone. a company called crypto capital had control of the money and told bitfinex that it had been seized by authorities. if they are lying and it wasnt seized, it means they stole it. either way its gone and the entire thing is EXTREMELY shady.

>> No.13440565

>>13440344
source?

>> No.13440570

>>13440535
Oh my god read the fucking thing anon ans stop asking dumb questions

>> No.13440593

>>13440329
https://www.investopedia.com/terms/f/fractionalreservebanking.asp

>That said, it isn't required to keep the entire amount either. Most banks are required to keep 10% of the deposit, referred to as reserves. This reserve requirement is set by the Federal Reserve and is one of the Fed's tools to implement monetary policy. Increasing the reserve requirement takes money out of the economy, while a decrease in the reserve requirement puts money into the economy.

People act like this is some horrible thing when it's actually institutionalized in banks.
It's no surprise stablecoins see fractional reserves as an option.

>> No.13440597

I think that this is OK for crypto market actually. Just don't use bitifnex and tether. This is also very bullish for maker and dai.

>> No.13440601

>>13440565
Sorry forgot exactly where but it’s on reddit. Some employee (later terminated for whatever reason) let slip that in some sense tether is purchased using exchange shitcoins.

>> No.13440616

>>13440570
those questions were rhetorical you absolute fucking brain dead moron

>> No.13440626

>>13440597
>crypto market nose dives because it's propped up by tether.
>This is good for crypto.

>> No.13440627

>>13439872
As someone who lost money in Quadriga, this is almost identical to the shit they said - "CIBC (canadian bank) is witholding $26 million which we really want to give to you guys, I swear!"

Turns out CIBC withheld Quads funds because one of the guys there tried to withdraw $1-2 million into his personal bank account. Long story short, this is very bad for tether holders, I'd gtfo now. Market buy another stable coin. Also if tether is insolvent, that doesn't fuck over exchanges like Binance does it?

>> No.13440628

Safe harbor is unironically BSV.
Binance holds > 800 millon tether.


Get rekt

>> No.13440634

>>13440628
I'll start filtering the word Stiff, Indian shills are the worst. Low effort, low quality, completely disgusting.

You guys actually make me want to sell my Bitcoin SV, just friendly feedback.

>> No.13440639

>>13440593
actual banks are members of regulated deposit guarantee schemes and shit tho. There is also no way in fuck a bank would be allowed to behave in the manner Bitfinex/Tether (+ prob. Crypto Capital in concert) have demonstrably behaved here with customer cash

>> No.13440643

>>13440505

Tether and bitfinex are owned by the same people. They didn't negotiate with anyone.

>> No.13440645

>>13440627
quadrigax's funds were handled literally by the same exact company (crypto capital) that is telling bitfinex that their money was seized. this is a complete shitshow.

and yeah binance will be hit hard because usdt pairs make up a lot of their volume.

>> No.13440651

>>13440634
Shut up Greg. We know it's you.
All the scams, including you, will go down this year.

>> No.13440655

>>13440626
Value isn't tied to tether moron. It's tied with the liquidity. 2.5% drop is hardly "nosediving". You're just fudding to accumulate more cheap Btc.

>> No.13440658

>>13440627
Gox 2.0 is feeling real af

>> No.13440660

>>13440535
>then why did they need to borrow the money in the first place?
didn't have enough to match withdrawals
>hat if they need more money for future withdrawals?
the line of credit established with tether covers the "loss". finex doesn't need anymore money

>> No.13440668

>>13440645
ok so if tether falls, are my funds safu on Binance? I have 0 tether

>> No.13440678

>>13440668
Pretty sure we’ll see 1k btc

>> No.13440685

>>13440678
but are my funds safu? If tether is worthless is Binance gonna pull some fuckery?

>> No.13440692

>>13440651
Who the fuck is Greg? Your boyfriend? You gay ass homosexual.

>> No.13440697
File: 111 KB, 960x1036, 45271570_10158325361346840_4278996601843744768_o.jpg [View same] [iqdb] [saucenao] [google] [report]
13440697

SELL SELL SELL

>> No.13440698

>>13440685
You don’t have your own wallet? What are you, a brainlet?

>> No.13440701
File: 108 KB, 1176x584, Untitled.jpg [View same] [iqdb] [saucenao] [google] [report]
13440701

>>13440685
binance is probably safe but i never keep funds on an exchange as a personal rule.

pic related is the growing disparity between coinbase price and finex price

>> No.13440702

Plz sell noobs. I want to accumulate $80 eth again.

>> No.13440703

>>13440658
>feeling real af
buy signal

>> No.13440704

>>13440698
I have written a market making bot that makes me money, but it currently needs to be on a liquid exchange to work

>> No.13440710

>>13440701
It’s unironically over. The problem isnt finding a new stablecoin or exchange, the problem is the WHOLE FUCKING CRYPTOCURRENCY INDUSTRY was based on a fucking lie. Tether is more than any shitcoin, it’s got a huge market cap and most trades revolve around it.

And now they have gone from “maybe kinda shady” to “ok fuck this is really shady”

>> No.13440711
File: 1.14 MB, 4032x3024, doggo.jpg [View same] [iqdb] [saucenao] [google] [report]
13440711

>>13439872
lol

>> No.13440714

>>13440668
>are my funds safu
nope. Don’t believe me? Ask mtgox anons about their safu funds. All exchanges are susceptible to hacks

>> No.13440717

>>13440645
>>13440668
i dont get this reasoning... volume will just switch to another stablecoin. yes holders of usdt will be fucked but i dont know why binance has to crash and burn over it.

>> No.13440725
File: 82 KB, 600x791, 1550565841265.jpg [View same] [iqdb] [saucenao] [google] [report]
13440725

>>13439872
i never used it so i don't really give a shit.
sorry though for all the anons who did.
this is mt gox all over again.

>> No.13440740

>>13440717
because there are a shitload of tethers on binance which is providing the liquidity for most of the trades that take place

>> No.13440759

>>13440704
I don’t know. I’m not the right person to give advice. I can tell you I cashed out my last BTC in early 2018 because holding with this tether shit over my head was nerve wrecking

>> No.13440760

>>13440717
>ok guys tether is worthless we need another stable coin fast
>ok I found something... now we just gotta buy an equivalent amount of this stable coin as our tether reserves
>but from what money?

>> No.13440780

>>13439872
Fuck Binance and fuck USDT

Good riddance to both

>> No.13440798

brainlet here. what's the 300 million tethers printed on the 24th for?

>> No.13440799

>>13440760
who cares about the tether reserves. just treat it like any other coin going to 0. delete the usdt pairs.

binance is only bagholding what they receive in fees and haven't sold yet. they will only lose volume on all the customers that have gone broke holding tether and whom cant deposit more funds to trade again with a different stablecoin.

>> No.13440805

>>13440655
No one wants your grandpa dinosaur coin faggotron

>> No.13440810

>>13440798
they are going to dump on all btc sells with tether. tether will go to 0 but finex and tethercorp will have a shit load of bitcoin to do it all over again.

>> No.13440831

>>13440799
over 40% of total binance volume is from usdt. that's over 40% of ALL fees they make.

>> No.13440864

>>13440831
well lets hope they were dumping fee profits instead of bagholding. 40% loss of profits wont kill them. what were they doing before tether?

exchanges have huge profits compared to expenditure. they just have to keep the servers up.

>> No.13440867

>>13440831
If they lose 40% of their money, they won't give us all a haircut right? Although I'd imagine they redeem it for fiat often

>> No.13440881

>>13440864
also, how much tether does binance has? they will need at most an equivalent amount of another stable coin to provide the same liquidity, which means they have to buy those stable coins.

>> No.13440894

>>13440074
My uncle's boss knows a guy that works for Bitcoin too. Apparently they just released an internal letter to employees, not looking good bros

>> No.13440897

>>13440881
why does binance need to acquire the stablecoins? it will come from user deposits right? unless i dont understand this stablecoin system. maybe im an idiot not sure now.

edit: ok im an idiot

>> No.13440903

>>13439872

Looool, so they'll try to fight and keep the scam going till the very fucking end huh?

>> No.13440909

>>13439981

kek that id

>> No.13440912

>>13439981
>>13440008
missed this. amazing. holy fuck we're all screwed frens

>> No.13440916

>>13439946
AAAAHHHHHHHHHHH

>> No.13440917

>>13440903
>Looool, so they'll try to fight and keep the scam going till the very fucking end huh?
It just wouldn't be crypto if they did it any other way, anon

>> No.13440920

>>13439981
Please include me in the screenshot

>> No.13440926

>>13439981
>that ID
>olordGjC
>o lord God jesus Christ
....fuck. It's really over, isn't it lads

>> No.13440935

>>13439981
>>13440926
kek just noticed. poetry

>> No.13440948

>>13439978
WASSA WASSA WASSUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUU

>> No.13440949

Uhhhhhhhh wash trading tether was pretty much proven all the way back in 2017. Crypto fags are the biggest adhd autists i have ever met.

>> No.13440960

>>13440593
Fractional reserve in is the literal reason why I buy crypto

>> No.13440968

>all coins dumping to 0
>Dero in the green

Really activates those almonds

>> No.13440974
File: 162 KB, 900x731, 1556168627829.jpg [View same] [iqdb] [saucenao] [google] [report]
13440974

>>13439981
no... No...NOOOOOOOOO!!!!!! seppuku no chinge!!!!!!!!!!

>> No.13441000

>good corporate citizens
Made me chuckle finex.

>> No.13441016

>>13439872
Bong here. Just woken up. Wtf is going on? Explain for brainlet. AG has done what, asked Bitfinex for some documents? How does this make it all crash to zero?

>> No.13441027

>>13441016
The tether ponzi is being unveiled, which fake pumps btc and keeps it from collapsing. When tether dies so does btc

>> No.13441044
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13441044

>>13439981
>lawdy

>> No.13441051

>>13441016
Not sure but I shorted and tripled my money.

>> No.13441060

>>13441016
>However, OAG does seek to enjoin Respondents from taking any further action to access, loan, extend, credit, encumber, pledge, or make any other similar transfer or claim between Bitfinex and Tether in order to preserve the status quo and protect the interests of New York tether holders and Bitfinex clients

>> No.13441076

>>13439872
This is actually bullish. Bad news is good news in clown world.

>> No.13441088

>>13441060
>OAG doesn't want Bitfinex to maintain status quo by using credit
What the actual fuck? Why not just say "Good looking cones you got there. Be a shame if someone... seized them and 'lost' the private key"

>> No.13441105
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13441105

>>13440702
This.

>> No.13441106
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13441106

>>13440557

>> No.13441178

>>13440948
Oh no no no

>> No.13441196
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13441196

>>13441076
biggest altcon season incoming ?

>> No.13441257

>>13441196
Panic-bid anon, panic-bid...

>> No.13441258

Anybody with at least half a brain knew Tether/Bitfinex would be insolvent long term. Every single crypto operation has had "accidents" and every single one will continue to going forward.

>> No.13441284

Another month, another bitfinex and tether FUD attempt. And guess what will happen, nothing.

.t See you next year with another FUD story

>> No.13441309

>>13439872

Fuck. Fuckety fuck! Get out!!!

>> No.13441323

There's still time anons- sell your USDT and buy Bitcoin.

>> No.13441324

>>13440098

He's not getting the nomination.

>> No.13441384

This needed to happen before the bull market started. Would have been a lot shittier if it happened 2 months into a confirmed bull market.

Bitcoin will overcome this.

>> No.13441389

>>13441384
>nothing is bad for bitcoin
>scams are good for you

>> No.13441407

>>13439981

>crypto might unironically be over

you can't be serious. you and I both know how many times people have said that "bitcoin is dead"

you're a fucking idiot

>> No.13441441

"Full stop"
"Strong supporters of law enforcement"

Sounds like Craig wrote this

>> No.13441469

Just read this whole court filing. This all sounds pretty fucked.
>on March 19th, 2019 Bitfinex accessed $700 million through a line of credit at Tether (6.5%) secured by 60,000,000 iFinex Inc. shares (owned by Digfinex)
>all because they are out $850 million after Crypto Capital lost or stole it
So much for tether being backed 1:1. Also,
>The transaction documents were signed on behalf of Bitfinex and Tether by the same two individuals. Those two individuals are also directors and owners of Digfinex, Bitfinex, and Tether.
kek

>> No.13441496

Tether fud? Lol bull run really is here.

>> No.13441533

>>13441469
this is insane. i honestly dont understand how people dont see how big of a deal this is.

>bitfinex needs money
>they get a "loan" from tether payed in usdt that is printed out of thin air in exchange for shares of their own company
>both tether and bitfinex are owned by the same people

bitfinex is essentially paying themselves by printing usdt that is backed by shares of their own company. they then give these tethers to the bitfinex users that are complaining about being unable to cash out. the users then flood other exchanges such as binance with these tethers and exchange for actual crypto which they can then cash out with on a REAL exchange...unbelievable

>> No.13441550
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13441550

>>13439981
And that's it... It's over.

>> No.13441553
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13441553

ITT: desperate bobos who missed the bottom hoping this would push btc back to it's low but slowly realising it won't even breach 5k

>> No.13441564 [DELETED] 

>>13441553
give it a few weeks

>> No.13441574

>>13441533
I mean this is pretty easy to figure out, isn't it?

Simply dump all your USDT for real crypto. That's it. If you keep USDT it'll be worth nothing soon.

There you go. Crypto is saved again.

>> No.13441587

>>13441574
sure but when you dump something, someone else is buying it. that means there is going to be $2.8b evaporating from the crypto market, 80% of all volume comes from usdt pair trading.

>> No.13441590

>>13441533
What evidence is there of this? I see it happening like:

>bitfinex runs out of cash
>bitfines takes cash from tether which is earmarked for currently circulating tether
>uses cash to pay withdrawls

in effect both takes of the situation end up in the same place. They are more tether tokes out there than there are dollars in Tether HQ.

>> No.13441592

Its Gox 2.0 and it's back with a vengeance.

>> No.13441600

>>13441574
>”come sir take my worthless tethers, now give me bitcoin”

>> No.13441622
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13441622

>>13439872
>amounts are not lost but have been, in fact, seized and safeguarded.

>> No.13441688

What an amateur press release...
So basically regulators found their fiat stash somewhere seized it and Finex printed fake USD to cover it and changed their TOS...
Lol! Its done!

>> No.13441737
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13441737

>>13439981
>the jews are now targeting christs to sell crypto.

>> No.13441749

The whole idea that Bitfinex can ever hope to pay back the loan is preposterous.
850mil in fees? Then exchange to real fiat? And they are back where they started... No money for withdrawals...
And they first need deposits for that real fiat.
They are bankrupt... It's over for them and not even funny

>> No.13441754
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13441754

>>13439981
Delet dis

>> No.13441845
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13441845

bitfinex premium reaching worrysome levels now

>> No.13441855
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13441855

Posting bitfinex cold wallet for posterity https://bitinfocharts.com/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r

>> No.13441935

>>13441845
can i get a link to whatever page that is? i want to track this shit

>> No.13441975

>>13439900
Don't use the J word in a negative light ever again. This is the one and only time I'll be warning you.

>> No.13442004

>>13441469
the house of cards is collapsing

>> No.13442007
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13442007

>>13441975

>> No.13442010

>>13441590
>bitfinex runs out of cash
*has cash seized

>> No.13442016

>>13441975
OY VEY ITS ANUDAH SHOAH, CHAIM!

>> No.13442052

>>13439946
"coin-agnostic"

>> No.13442086
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13442086

This morning ....

>> No.13442094

Guys, srsly this was always going to happen. They stole peoples btc to even create tether in the first place, bitfinexed has been telling you they're shady as fuck forever now. Cz even gave you a hint when he merged all the stable coins into one market.

Bitfinex was even started by a JP Morgan Jew. Use Pax and bitusd

>The logo even looks like an A bomb going off!

They fucking told you spergs everything you needed to see this scam for what it was.

>> No.13442099

>>13441935 Its just cryptowat.ch
I starred both coinbase and bitfinex BTCUSD markets so they both show up in the top bar thats all

>> No.13442106

>>13441324
back to your hole migakike

>> No.13442119
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13442119

>>13439872
Thanks senpai, just tethered up and will be rebuying at 1k.

>> No.13442149

>>13439872
>Tether still at parity with USD
>Implying you're smarter than the whales who don't give a fuck

>> No.13442156

>>13442086
Who's wallet?

>> No.13442164

>>13442149
No it's not u dumbfuck

>> No.13442176
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13442176

>>13442164
Yes it is pajeet

>> No.13442192
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13442192

>>13442156
from him:

""" Posting bitfinex cold wallet for posterity https://bitinfocharts.com/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r """

>> No.13442533

>>13439872
Setting my buy order at 3502 ;)

>> No.13442657

Why is everyone getting out?
If tether dumps, btc/usdt will skyrocket, other btc/usd* pairs will likely go up a little or stay the same and all alts will probably moon satswise (short term).

>> No.13442677

>>13442657
.t brainlet

>> No.13442706

>>13442176
retard

>> No.13442718

The real price of bitcoin is $800

>> No.13442728

>>13442718
no its 80

>> No.13442732

>>13439943
BNB is already overtaking eth and bitcoin.

only 5x and we are #1.

BNB 5,500$ EOY

>> No.13442966

>>13442728
not its actually $8

>> No.13442974
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13442974

Load zee tether FUD.

>> No.13443091

>>13442732
BNB will die with binance

>> No.13443113

Oh cool we barting back down again.
Need to refill my stack that I dumped on you guys at 5500

>> No.13443117

>>13441533
So like the fed and us government

>> No.13443126

>>13439872
i was here when this happened :’)

>> No.13443127

>>13440710

Lol, over. Okay kiddo.

Let's all go back to the banks and forget it ever happened.

>> No.13443150

>>13443091

Funds are SAFU

>> No.13443168

>>13441975
shut up filthy dirty jew rat

>> No.13443170

>>13440031
thx well informed anon. (thumbs up emoji)

>> No.13443175

u retards know this is good, right? u know this is all part of a plan? u really think this was just a "oopsie" out of nowhere? follow the money, it will dip (hopefully a lot) and then just buy sub 3k or 2k if possible. easy profit longterm

>> No.13443203

>>13443175

I'm hoping. Anything sub 3k and I'm buying a full BTC. Been stocking up over the past 3 months, but buying less and less as the price climbs

>>
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