You are viewing a single comment's thread from:
RE: Government issued subpoenas to Tether and Bitfinex. UPDATE: THIS IS 2 MONTHS OLD NEWS
Great analysis of the current situation with respect to precedents.
Great analysis of the current situation with respect to precedents.
Ok turns out it might be old news from 2 months ago.
Actually almost a year old. But last week they have been called into court. And now rumors are that they are insolvent etc.. so this could escelate quickly, and its a heads up to everyone. Get your funds out of bitfinex if its even possible now. I doubt it. I see people complaining.
Never used bitfinex. But usdt is used extensively in many other exchanges, some which don't use fiat usd at all. The collapse of tether might bring the whole exchange market down. What is worse is that the legal investigations are likely to be slow, creating a longterm fud. But maybe this will be good for the sbd price later. At any rate, I just hodl.