Tether is confirmed to be at best only 60% backed, but this is fine - Latest Hindi News , International , Bussiness , Sports ,Tech Info

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Tuesday, April 30, 2019

Tether is confirmed to be at best only 60% backed, but this is fine

/u/TekhamatomCryptocurrency news and discussions. https://ift.tt/eA8V8J

Sure, it is now confirmed that Bitfinex has been massively insolvent for at least 6 months, and that the fact was covered up by silently siphoning about a third of Tether reserves.
But the price is good, the volume is good, people are still trading at Bitfinex, everyone seems ok with the events that are currently unfolding.

Of course, it is known that they are under public investigation for fraud by the NY OAG.
But that's okay, I don't feel bad about this, things are going to be ok.

submitted by /u/Tekhamatom
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from Cryptocurrency news and discussions. http://bit.ly/2UPQWhw
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