Re:Tether Critical Announcement
by makomk on Wednesday November 22, 2017 @09:02AM
(#15756804)
I don't think this was terribly good for them when bitcoin was crashing either, because it still ate into the amount they'd get paid out since the underlying assets were still partially in bitcoins. The bankruptcy trustee basically gave Mark Karpeles free options on bitcoin with all the customers he'd screwed over as forced counterparties.
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