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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 rspeer on Tuesday January 30, 2018 @07:11PM (#16270271)
Do you want Tether to be audited and regulated like the fractional reserves of a bank? I'd sure find it entertaining while it lasts.

This is also moving the goalposts, because they claim that Tether is fully backed, not fractionally. Changing their story there would involve admitting to a billion-plus-dollar fraud.

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Re:U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether by Feniks on Tuesday January 30, 2018 @07:39PM (#16270400)
Fully backed, has anyone been able to independently audit their reserves?
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Re:U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether by adbachman on Tuesday January 30, 2018 @08:16PM (#16270563)
The auditing firm they hired to do that audit last year just (in the last two weeks) erased all trace of the relationship from their website.

No audit is expected at this point, we're getting close to the "exit" phase of the scam.

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Re:U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether by dingo_bat on Tuesday January 30, 2018 @07:46PM (#16270434)
They've said an audit is coming for months now.
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