Tether is confirmed to be at best only 60% backed, but this is fine

Sure, it is now confirmed that Bitfinex has been massively insolvent for at least 6 months, and that the fact was covered up by silently siphoning about a third of Tether reserves.But the price is good, the volume is good, people are still trading at Bitfinex, everyone seems ok with the events that are currently unfolding.Of course, it is known that they are under public investigation for fraud by the NY OAG.But that's okay, I don't feel bad about this, things are going to be ok.

Submitted April 30, 2019 at 05:47AM

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