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A comment on CFTC Orders Tether and Bitfinex to Pay Fines Totaling $42.5M. Parent comment

Re:CFTC Orders Tether and Bitfinex to Pay Fines Totaling $42.5M by buildbuildbuild on Friday October 15, 2021 @01:34PM (#28880463)
It's possible. But I would expect panic selling as charts make it _look_ like all cryptocurrency is crashing due to USDT's sudden decrease in value.

Small exchanges could also lose liquidity from bad code that assumes USDT will always equal $1.

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Re:CFTC Orders Tether and Bitfinex to Pay Fines Totaling $42.5M by adflux on Friday October 15, 2021 @06:13PM (#28883743)
Tbh I wouldnt dare keep usd on an exchange when its crashing
[ Parent | on HN ]