mayax
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January 28, 2018, 10:15:17 AM |
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no basis in fact ? Where is the Tether audit?
As you well know the report was published. Even if it hadn't been how would that 'fact' prove that Tether was a fraud? full of BS, as usual. There is NO AUDIT. Even Tether admitted the fact that there is NO audit, mr shill TheQuin ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) You spread only misinformation about the criminal gang, called Bitfinex. Friedman was able to provide consulting services for us on an expedited basis, using a procedures date of September 15, 2017. These consulting services do not constitute an audit or attestation engagement...https://tether.to/announcement-transparency-update/
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Samarkand
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 28, 2018, 11:02:10 AM |
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A new CoinDesk article from today (as far as I know CoinDesk has been very quiet about the whole Tether rumors so far): Tether Confirms Its Relationship With Auditor Has 'Dissolved'Tether, the issuer of the dollar-pegged cryptocurrency USDT, said its relationship with audit firm Friedman LLP has ended.
The statement, provided Saturday evening by a company spokesperson to CoinDesk, confirms the suspicions of online sleuths and is likely to raise new questions about the company's finances. ... "We confirm that the relationship with Friedman is dissolved. Given the excruciatingly detailed procedures Friedman was undertaking for the relatively simple balance sheet of Tether, it became clear that an audit would be unattainable in a reasonable time frame. As Tether is the first company in the space to undergo this process and pursue this level of transparency, there is no precedent set to guide the process nor any benchmark against which to measure its success." Link to the full article: https://www.coindesk.com/tether-confirms-relationship-auditor-dissolved/Given the fact that Tether has not announced a new relationship with an auditor, we probably won´t see an audit in the foreseeable future. Irrespective of whether the Tether rumors are actually true, this news will definitely fuel further criticism and encourage guys like @Bitfinexed.
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TheQuin
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January 29, 2018, 08:20:37 AM |
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Given the fact that Tether has not announced a new relationship with an auditor, we probably won´t see an audit in the foreseeable future. Irrespective of whether the Tether rumors are actually true, this news will definitely fuel further criticism and encourage guys like @Bitfinexed.
I'm wondering whether they have just balanced to bad PR of not doing an audit against the bad PR of @Bitfinexed misrepresenting that audit and it getting blindly repeated everywhere and chosen the lesser of to evils.
no basis in fact ? Where is the Tether audit?
As you well know the report was published. Even if it hadn't been how would that 'fact' prove that Tether was a fraud? full of BS, as usual. There is NO AUDIT. Even Tether admitted the fact that there is NO audit, mr shill TheQuin ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) ~snip~ You need to learn to read. I said 'report'
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CryptoKiev
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January 29, 2018, 03:36:49 PM |
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Good afternoon! I sent all the documents for verification 6-7 weeks ago. It was necessary to attach a bill for utilities for the last 3 months. While verified - three months will pass and it will be no longer valid. Could you help verifying?
With best regards, Ievgen
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Quickseller
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January 29, 2018, 08:57:51 PM |
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A new CoinDesk article from today (as far as I know CoinDesk has been very quiet about the whole Tether rumors so far): Tether Confirms Its Relationship With Auditor Has 'Dissolved'Tether, the issuer of the dollar-pegged cryptocurrency USDT, said its relationship with audit firm Friedman LLP has ended.
The statement, provided Saturday evening by a company spokesperson to CoinDesk, confirms the suspicions of online sleuths and is likely to raise new questions about the company's finances. ... "We confirm that the relationship with Friedman is dissolved. Given the excruciatingly detailed procedures Friedman was undertaking for the relatively simple balance sheet of Tether, it became clear that an audit would be unattainable in a reasonable time frame. As Tether is the first company in the space to undergo this process and pursue this level of transparency, there is no precedent set to guide the process nor any benchmark against which to measure its success." Link to the full article: https://www.coindesk.com/tether-confirms-relationship-auditor-dissolved/Given the fact that Tether has not announced a new relationship with an auditor, we probably won´t see an audit in the foreseeable future. Irrespective of whether the Tether rumors are actually true, this news will definitely fuel further criticism and encourage guys like @Bitfinexed. The quote says an audit done in a reasonable timeframe is likely unattainable so they are probably not pursuing a new auditor. The auditor did confirm 9 figure bank balances that matched the number of USDT at the time, which although not an audit, is the information that ultimately proves that USDT is backed by USD on a 1-1 basis.
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JanpriX
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January 30, 2018, 06:27:20 PM |
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This will definitely get ugly. I can imagine how people will start selling their BTC when they read this news. Oh wait, the price of BTC just plummeted to 9k area minutes after this article was published. What a coincidence. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) This will definitely rile up the cryptosphere is a very negative way.
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bmgbmg
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 30, 2018, 06:35:36 PM |
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It'll get really crazy when everyone can't settle in Tethers USDT so they'll go to Alts or USD. There's also Nubits, but it's only on Bittrex and a legit peg to the USD. I've been saying for several months that Bitfinex has created Tethers out of thin air, washed traded on their own site and ran BTC up from $800 to $20k. They were idiots to say it's pegged to the USD, they will go the way of Liberty Dollar. They should have never used the USDT acronym, but criminals really don't care, they just hope they can get away with it if they make enough $$ and stay out of jail and use the excuse, "this is an unregulated industry, regulations and rules don't apply!". Well the USD (FRN) is hightly regulated, world reserve currency and backed by the biggest military and judicial system on earth and they don't like competition, no matter how big or small. Bitfinex never wanted your BTC or LTC or ETH or USDT, they want your money as in us dollars. This will not end well This will definitely get ugly. I can imagine how people will start selling their BTC when they read this news. Oh wait, the price of BTC just plummeted to 9k area minutes after this article was published. What a coincidence. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) This will definitely rile up the cryptosphere is a very negative way.
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gentlemand
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Welt Am Draht
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January 30, 2018, 06:39:29 PM |
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I've oft suspected a loss of faith or legal pressure would be the end of USDT, not an actual lack of dollars. The scum running BFX have spent so long skipping around the law that all their chickens will come home to roost all at once. They should've kept themselves below the radar.
This is hubris in action, kids.
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mayax
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January 30, 2018, 07:02:01 PM |
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gentlemand
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Welt Am Draht
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January 30, 2018, 07:16:32 PM |
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https://twitter.com/nathanielpopper/status/958415624455127040For all you panickers, the subpoena was likely to have been actually delivered several weeks ago. Interesting timing to let it slip when giant and irrational shorts were taken out a few days ago.
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bmgbmg
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January 30, 2018, 07:16:57 PM |
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Well they fucked up when they used USDT and said it was pegged to the USD (FRN) while creating them out of thin air.
I'm guessing the CFTC stepped in when Tethers went over $2B in a matter of days, they were creating more USDT than the Federal Reserve creates USD.
Federal law prohibits alternative currencies intended to circulate nationally (+ internationally) if they are misrepresented as legal US tender.
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Samarkand
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January 30, 2018, 08:09:18 PM |
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...
I'm guessing the CFTC stepped in when Tethers went over $2B in a matter of days, they were creating more USDT than the Federal Reserve creates USD. ...
Have you read the updated version of the Bloomberg article or the posts by gentlemand? The subpoena was delivered on the 6th of December. The majority of Tether issuance has happened after that date. Therefore the CTFC has stepped in when the outstanding amount of USDT was roughly ~800M $.
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bmgbmg
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January 30, 2018, 08:43:07 PM |
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I've read it, interesting that Bitfinex didn't announce anything about the CFTC, not that they would. ...
I'm guessing the CFTC stepped in when Tethers went over $2B in a matter of days, they were creating more USDT than the Federal Reserve creates USD. ...
Have you read the updated version of the Bloomberg article or the posts by gentlemand? The subpoena was delivered on the 6th of December. The majority of Tether issuance has happened after that date. Therefore the CTFC has stepped in when the outstanding amount of USDT was roughly ~800M $.
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Samarkand
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 30, 2018, 08:52:22 PM |
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I've read it, interesting that Bitfinex didn't announce anything about the CFTC, not that they would.
...
They might not be allowed to do so if it was a secret subpoena. Wikipedia: Secret subpoenas, such as those covered under 18 U.S.C. §2709(c) of the USA Patriot Act, provide criminal penalties for disclosing the existence of the warrant to any third party, including the service provider's users. A Bitfinex employee actually made use of a warrant canary in December. If you are interested in the details you could read this post I made in the Wall Observer Thread earlier today: https://bitcointalk.org/index.php?topic=178336.msg29264569#msg29264569
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bmgbmg
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 30, 2018, 09:01:33 PM |
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Thanks for the info, there's more to this than just FUD, fear, uncertainty and fear, it's much bigger, this sell off may get bloody. I've read it, interesting that Bitfinex didn't announce anything about the CFTC, not that they would.
...
They might not be allowed to do so if it was a secret subpoena. Wikipedia: Secret subpoenas, such as those covered under 18 U.S.C. §2709(c) of the USA Patriot Act, provide criminal penalties for disclosing the existence of the warrant to any third party, including the service provider's users. A Bitfinex employee actually made use of a warrant canary in December. If you are interested in the details you could read this post I made in the Wall Observer Thread earlier today: https://bitcointalk.org/index.php?topic=178336.msg29264569#msg29264569
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John547s3
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February 01, 2018, 09:00:19 AM |
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I have submitted all documents and still after 6 months my account is unverified and received no reply. Please verify my account. My username is Ajay0424hujk
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yuyu123
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February 02, 2018, 09:00:03 AM |
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bank wire claimed as "completed successfully" by bitfinex was never credited by my bank. Bitfinex: Please answer support ticket #674791
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TheQuin
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 02, 2018, 09:01:59 AM |
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I have submitted all documents and still after 6 months my account is unverified and received no reply. Please verify my account. My username is Ajay0424hujk
bank wire claimed as "completed successfully" by bitfinex was never credited by my bank. Bitfinex: Please answer support ticket #674791
Bitfinex abandoned this forum a long time ago. Try r/BitcoinMarkets and/or Twitter as they will not see anything posted here.
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Remember remember the 5th of November
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Reverse engineer from time to time
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February 02, 2018, 12:51:10 PM |
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I really hope Bitfinex fix my dash balance, as it currently shows it as drk and this I cannot use it. They have not replied to my ticket.
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BTC:1AiCRMxgf1ptVQwx6hDuKMu4f7F27QmJC2
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