Attention Tether owners

[al1n]

According to this link there might be some legal problems with the coin.

https://www.bloomberg.com/news/articles/2018-01-30/crypto-exchange-bitfinex-tether-said-to-get-subpoenaed-by-cftc

[Lutpin]

This gunna be fun. Fasten your seatbelts.

Any maybe buy some DAI while youre at it

[go4crypto]

Do not understand why all other coins are selling of on this news but it is creating another
and probably final buying chance before the next big rise starts.

[al1n]

The exchange itself (bitfinex) was also investigated. I guess that's what caused the drop from the last hours.

[randythered]

If the long standing suspicions of many that tether has nothing supporting it are confirmed then it will really send a shockwave through the market and we could see a big crash. People will panic sell just about everything on such news. Alternatively if some conclusive evidence comes out that there are actual reserves then that can bring a big amount of confidence.

[SPINPIX]

well the theter situation is very controversial and risky, they should prove that they do have as much liquidity stoken as theter value, if it's true that there aren't enough founds to cover theter capitalization bitfinex and many other exchanges will have very big problems and btc price will crash for a wile

[ItsEzMkay]

About time, it is unfortunate for those with Tether but the inevitable has to happen some time or another boys that ship was always goin down.

[moopser]

What is really interesting - timing.
If you read the Bloomberg carefully you would see:

The U.S. Commodity Futures Trading Commission sent subpoenas on Dec. 6 to virtual-currency venue Bitfinex and Tether

So the real question why this has been arisen just now?

[Lutpin]

What is really interesting - timing. If you read the Bloomberg carefully you would see:

The U.S. Commodity Futures Trading Commission sent subpoenas on Dec. 6 to virtual-currency venue Bitfinex and Tether

So the real question why this has been arisen just now?

Or maybe the right question is why was this left out initially?

30. Januar 2018, 18:52 MEZ Updated on 30. Januar 2018, 19:56 MEZ

[moopser]

Or maybe the right question is why was this left out initially?

Both are relevant.

But still this as i understood audit required, and its gonna take a while..
Until Tether is allowed on exchanges no serious problems can be expected. Imho.

[Krakenproto]

Haha so much plays in so many different ways. When new money is coming I'm not afraid.I use to read what Bloomberg say and other ''big'' players in their own world, but not anymore. We are creating our world with crypto. Yes money from ''big'' players are inside crypto too, but I think that they can't control it in the way they would like it.

[HassaanAbdeen]

Haha so much plays in so many different ways. When new money is coming I'm not afraid.I use to read what Bloomberg say and other ''big'' players in their own world, but not anymore. We are creating our world with crypto. Yes money from ''big'' players are inside crypto too, but I think that they can't control it in the way they would like it.

The audit firm quit two days ago, the government now is in the picture. That’s not to be taken lightly.

The governements had a big hand this month all over the world on exchanges and Fiat. And BTC prices speak volumes along with blooded AltCoins. 

[lordzc]

If there are so many problems in the tether, let 's relax, without the bargains. Only $ 2.220.579.609 will be deleted from the market.

[Poink]

If there are so many problems in the tether, let 's relax, without the bargains. Only $ 2.220.579.609 will be deleted from the market.

I thin the REDs are actually due to BITFINEX, not USDT.

Bitfinex members are probably doing some panic selling and it is driving the value price down. 

[holden.commodore]

Most of the big exchanges own significant amount of tether. If collapses, they might be in trouble with solvency issues.
I just hope they are not stupid enough to rely too much on tether and have a significant percentage of their liquidity represented by it.

[MoonIsBlue]

Do not understand why all other coins are selling of on this news but it is creating another
and probably final buying chance before the next big rise starts.

Well consider this:

Bitfinex never had the funds to back up each tether, thus it was printing money only to pump prices of BTC. BTC might be overvalued by more as 50% of its current value because of this (some say 80%). If regulators can proof bitfinex was printing money just to pump and profit then BTC could collapse 50-80% in value, since all altcoins are tied to BTC a lot of them will get REKT.

BTC's true value might range anywhere from $2-5k  depending on how severe the damage of Bitfinex is. The moment of reckoning is upon us, shitcoins will die. I'm going to bet on Ethereum.

[lucas9338]

Sell ​​all your tether !!! You could lose all your money ... I exchanged them all

[Branko]

I don't believe this story, if USDT is suspicious, why its only alt that's green ATM?

[onurgozupek]

Huston! We have a problem!!

Tether will cause some problems to cryptocurrency ecosystem. Not only Bitcoin but also all other altcoins will be affected by the disaster! Bitfinex made very good profit from Tether but they won't be able to spend these money...

[svojoe]

I am sure that this is just a gossip in order to continue to manipulate the price of bitcoin. Soon it will be find out that Tether has no problems for sure. I'm already tired about this all.