Bitfinex and Thether =unlicensed and unregulated

[mayax]

These shit companies who manipulate whole crypto market are like a cancer.... I said that since years ago...

https://ag.ny.gov/press-release/2021/attorney-general-james-ends-virtual-currency-trading-platform-bitfinexs-illegal

[1714864540]

1714864540

[Jawhead999]

And people are still using Tether since they're believe it's pegged by real fiat US while the fact it doesn't.

Bitfinex aren't really good exchanges and has several accusations in the past, better to stick on popular exchanges (e.g. Binance, KuCoin, Coinbase)

[Winscosinally]

Just imagine if tether is a decentralized project? Wouldn't things look even more crazy? The reason why I decide to use USDT to store funds isn't because I trust the project or because I believe it's backed by some real assets or reserves but because it's centralized and it's trying to be a USD pegged stable coin, SEC will easily be on this project's ass than any dex stable coin

[tabas]

And now, they're prohibited in New York.
NY Bans Tether, Bitfinex Over False Statements About Dollar Backing and Losses
Bitfinex Settles New York Probe Into Tether, Hiding Losses

[mayax]

And people are still using Tether since they're believe it's pegged by real fiat US while the fact it doesn't.

Bitfinex aren't really good exchanges and has several accusations in the past, better to stick on popular exchanges (e.g. Binance, KuCoin, Coinbase)

Tether is just printing and Bitfinex is buying BTC with it...nothing more. It's not backed by anything. I don't think they are 20% backed of REAL money...