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no one in crypto space can deny the effect bitfinex has in the space, in fact it can be said that bitfinex /tether are single handedly responsible for btc 2018 bear market, after propping the price beyond reasonable valuation using usdt in the end of 2017, they are still facing multiple lawsuit regarding that issue(https://cointelegraph.com/news/bitfinex-market-manipulation-lawsuit-refiled-in-new-york-and-joined-by-second-case) -printing 4 billion since the beginning of 2020 -selling 70k btc in march(they admitted after being questioned about one third of their btc holding missing ), https://cointelegraph.com/news/bitfinexs-btc-holdings-decrease-by-one-third-in-a-month, what's more suspicious is the time of which is when btc was at it's low point (4k~5k), why would they sell so much so low?,who know? -now their cold wallet is missing 86k btc in one month , https://bitinfocharts.com/bitcoin/wallet/Bitfinex-coldwallet, with no comment about from bitfinex, in fact they even upped their tether printing this month, they already printed 1 billion usdt in just 14 day. all this coincide from Europe possibility of banning stable coin,https://cryptobriefing.com/central-banks-recommended-ban-stablecoins/, they proposed it last year and just passed 2 month ago, which mean their serious about it. and we already know that bitfinex is not shy of doing illegal action, like printing 860 million usdt to cover a loss last year, https://cointelegraph.com/news/tether-hits-back-at-claims-its-reserves-were-used-to-cover-850-million-loss-at-bitfinex all this are facts easily verified by anyone , but still there is no articles from the crypto "journalist" about the cold wallet missing btc. i thought the best thing about crypto is transparency, and that everything is on the blockchain, so why are we sitting by with the looming danger of bitfinex/tether dragging us to an other maybe longer bear market or in the worst case scenario destroying crypto, while we have better alternative that have been audited like usdc and paxos by the way usdt is only shy 50 million usdt from taking the #3 place from xrp [link] [comments] |
source https://www.reddit.com/r/btc/comments/gjgvb3/bitfinex_cold_wallet_loose_86000_btc_in_one_month/
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