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A comment on Crypto Market Roiled by New Allegations Against Tether, Bitfinex. Parent comment

Re:Crypto Market Roiled by New Allegations Against Tether, B... by dragonwriter on Thursday April 25, 2019 @07:10PM (#19753386)
But from this, it looks like Bitfinex was completely amateur hour, and that—but for Tether being raided to cover the results of that—Tether might not have been a scam at all.
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Re:Crypto Market Roiled by New Allegations Against Tether, B... by FireBeyond on Saturday April 27, 2019 @12:10AM (#19763730)
Why does this attitude that they're two different things continue?

Two corporate officers signed the credit line contract on behalf of Bitfinex.

Two corporate officers signed the credit line contract on behalf of Tether.

They were the same two people.

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Re:Crypto Market Roiled by New Allegations Against Tether, B... by bhaak on Friday April 26, 2019 @03:08AM (#19755405)
Yes, that's the surprising bit. Tether USD backing seems to have been fine.

But Bitfinex screwed up, I guess partly due to panicking because they couldn't get a proper bank connection.

It also seems that the money is lost, just not accessible, at least at the moment.

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Re:Crypto Market Roiled by New Allegations Against Tether, B... by b1daly on Friday April 26, 2019 @05:35AM (#19755906)
Ah, no. These people are shady AF. They intermingle funds and shuffle them around behind the scenes. This whole system is a black box surrounded a tower of cards.

Not accesible, that’s a good one.

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