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A comment on U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether. Parent comment

Re:U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether by gruez on Tuesday January 30, 2018 @02:47PM (#16268348)
> But it won't take your USDT and turn it back into dollars.

that's... unlikely. mainly because if that were true, nobody would want to sell anything at bitfinex, and cryptocurrency prices there would skyrocket. this happened at mtgox when they halted withdraws, BTC prices skyrocketed there.

[ Parent | on HN ]
Re:U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether by spookthesunset on Tuesday January 30, 2018 @03:01PM (#16268484)
Has anybody here on HN been able to go $ANYTHING -> USD on Bitfinex?

I haven't seen anybody anywhere claim they've gotten USD out of Bitfinex...

[ Parent | on HN ]
Re:U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether by andrewla on Tuesday January 30, 2018 @06:55PM (#16270217)
Search around on the Bitfinex subreddit. For example:

https://www.reddit.com/r/bitfinex/comments/7rbfca/ticket_636...

The thread here is about Bitfinex not writing money, but on the thread a couple of similar issues get resolved. Could be shills or Bitfinex oiling squeaky wheels. I too would love to see someone here on hn post about their experiences, though.

[ Parent | on HN ]
Re:U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether by spookthesunset on Wednesday January 31, 2018 @12:15AM (#16271567)
> Could be shills or Bitfinex oiling squeaky wheels. I too would love to see someone here on hn post about their experiences, though.

Completely agree. You'd think with the reach of this place, you'd get a couple people who have done it.

[ Parent | on HN ]
Re:U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether by gruez on Tuesday January 30, 2018 @03:12PM (#16268575)
I'd like to verify that myself; I even made a bitfinex account (with vpn). But the withdraw USD option (both wire and USDT) are disabled unless you can verify your account.
[ Parent | on HN ]
Re:U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether by jpatokal on Tuesday January 30, 2018 @03:26PM (#16268693)
Yes, that's exactly what many people think is going to happen, and in fact there's already a small but persistent spread in BTC prices between exchanges that price them in USDT (like Bitfinex) and those that use actual USD (like GDAX).
[ Parent | on HN ]
Re:U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether by gamblor956 on Tuesday January 30, 2018 @04:46PM (#16269358)
But that is exactly what happened. Bitfinex has not exchanged USDT for dollars since mid-2017.
[ Parent | on HN ]