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Zhaodong: Bitfinex and Tether Hold 3 Billion USD, USDT Soon Listed On Bigone

The integrity of omni-based USDT has been questioned by the community along with its rising supply. On a recent weibo, Zhaodong, an early adopter of Bitcoin and a“whale”, claimed that the USD balance of Bitfinex and Tether was over 3 billion after Giancarlo, CFO of Tether and Bitfinex, showed them the bank accounts in Tokyo. Giancarlo explained that the lack of third-party audition of USDT was due to the pressure of US banking industry. Tether’s vision is to fight the monopoly of traditional financial system. Lao Mao, CEO of Big.one, was also invited to personally verify the authenticity of such accounts. Later he expressed that USDT was trustworthy and would be added to the exchange, along with Bitcny. The Chinese community had mixed reaction to the news.
Zhao Dong, an early bitcoin adopter and now a heavyweight celebrity among Chinese bitcoiners, posted a weibo on 21 January backing Tether along with group photos with Giancarlo, CFO of Tether, and Lao Mao, CEO of Bigone. The weibo reads:

“Lao Mao (and I) just have a look at the USD account of Tether and Bitfinex in Giancarlo’s(Boss of BFX,CFO) room, in which Tether’s account holds 1.8x billion USD and Bitfinex holds 1.1x billion USD. The total number of the two accounts is around 3 billion USD, which is beyond the current circulated supply of USDT. This debunks all rumors around USDT. ”

0180122171458

Lao Mao, CEO of Big.one, later released a blog explaining the meeting in detail. Giancarlo told them about the Tether team and their vision:

1. The team of Bitfinex has around 50 people with the customer service team increased to 20 ppl or so. A decentralized management has been applied to team members across the globe.
2. Tether team does not work for money. As an early bitcoin investor, the team has a sense of responsibility and mission. Tether also believes that the industry should unite to jointly fight the monopoly of the traditional financial forces on resources.
3. US banking industry is blocking Tether by various means. They also look for opportunities for cooperation around the world. In order to ease the stress on their beneficiary banks, Tether may no longer anchor to US dollar anchor in the future but use Euro, Japan Yuan or other fiats instead. South Korea’s policey has been unstable so the possibility of anchoring South Korea’s won is very small.
4. Most of the bankers they come into contact with are mostly old men, who are totally unable to understand what is happening in the world. In Tether’s view, there are only two kinds of banks in the future, one is the dead bank and the other are those who work with blockchain industry.

 

When asked the relations between Tether and Bitfinex, Giancarlo said:

“Bitfinex is holding less than 10% of Tether’s share, which have been acquired by various companies. Therefore Tether doesn’t belong to any single platform. It’s an independent company.”

He also explained why the third-party audit was missing:

“Due to the pressure from US banking industry, we are not in a position to fully disclose our bank accounts. Therefore if possible, I hope you can help us deliver the right message to everyone and I will invite you to review our accounts, you will be able to witness our truthfulness and safety.”

 

After checking Bitfinex’s and Tether’s bank account, Zhao Dong posted the above-mentioned weibo and the community expressed their concerns. One of the most upvoted one reads:

“You need to present a audit report from a third party accounting firm or lawyer. Your word doesn’t count.”

And the comment below is from Jiang Zhuoer. He believes that anchoring to fiats is doomed.

“Anchoring itself is an act of anti-marketing. Even the mighty powers such as the British Empire (£ 1 = 7.32 gram of gold in 1821) and the American Empire ($ 35 = 19 ounces of gold in 1944) inevitably failed. Tether (and the USDT attempting to anchor USD) will perish in two ways: ① died of implosion like MT.Gox. ② died in the hands of United States government like the Liberty Reserve. The U.S. government will not allow any company to actually issue USD.”

As indicated by Coinmarketcap, the circulating supply of USDT is 1,618,090,823 as of 22 January 2018. The supply curve has been ramping up sharply since November 2017. As the most widely accepted tokenized fiats in the crypto world, USDT has been questioned a lot, including Lao Mao himself. He posted a blog in November 2017, claming “USDT, a fortress built on dune?
The meeting seemed to greatly reinforce the foundation of the fortress. At the end of the blog, Lao Mao said the USDT would be listed on Big.one ASAP:

“So, we can trust Tether and USDT. BigONE will also list USDT as soon as possible.”

Zhao Dong is a shareholder of Bitfinex and he was happy to said that the ROI of bitfinex was quite amazing not long ago. His backing of Bitfinex seems to be in conflict of interest. For those who are unable to witness the balance of Bitfinex and Tether bank accounts, the third-party audit of USDT may never be realized.

COMMENTS(89)

  • 8BTCnews
    4 months ago 8BTCnews

    Search Titan Baidu Unveils Its Blockchain-as-a-Service Platform As China’s #Blockchain Fever Gets Hotter | http://NEWS.8BTC.COM http://news.8btc.com/search-titan-baidu-unveils-its-blockchain-as-a-service-platform-as-chinas-blockchain-fever-gets-hotter …

  • BitcoinAllBot
    4 months ago BitcoinAllBot

    Here is the link to the original comment thread. Or you can comment here to start a discussion. Author: 8btccom

  • Red Li
    4 months ago Red Li

    Zhaodong: #Bitfinex and Tether Hold 3 Billion USD, USDT Soon Listed On Bigone http://news.8btc.com/zhaodong-bitfinex-and-tether-hold-3-billion-usd-usdt-soon-listed-on-bigone …pic.twitter.com/NUoOyCPoQg

  • Omzz888
    4 months ago Omzz888

    There’s no way in hell Bitfinex have 3bil in their bank account.

  • doramas89
    4 months ago doramas89

    They are gona get hscked soon again, u will see xD

  • Omzz888
    4 months ago Omzz888

    Yeah we had 3mil but someone hacked our bank account straight after Zhao Dong left.

    Moments later. Sry guys, we gon have to have 1 tether = 1p.

  • 2481632641282565121k
    4 months ago 2481632641282565121k

    https://youtu.be/UP1YsMlrfF0

    Blindly trusting that something is so, just because someone says it, is very naive. Just as Zhaodong claims to “have seen bank statements” means nothing. Just as Roger Ver claiming Mt.Gox was fine. It wasn’t.

  • Freddiepines
    4 months ago Freddiepines

    “2. Tether team does not work for money.”

    Wow. This shit is not going to end well.

  • 321more
    4 months ago 321more

    Empty words from a source that has a huge incentive to make people believe in tether.

    They could let a third party look into this and end all the speculation but funny enough that doesn’t happen…

  • cryptofuturefab
    4 months ago cryptofuturefab

    Wow, I had to actually verify that in the article. I just couldn’t believe it. They actually said that!

    LoL, “I made money before, so in the future I vow to make no more money for the world that never cared about me” and “I’ll start making no money by providing a service built on lies, that surely will show that I am somehow a maker of peace”

    Truth stranger than fiction sometimes.

  • qgshadow
    4 months ago qgshadow

    lol without an actual audit all this bullshit means nothing. Who knows how much they really have.

  • waaaaaahgetoverit
    4 months ago waaaaaahgetoverit

    He also explained why the third-party audit was missing:

    “Due to the pressure from US banking industry, we are not in a position to fully disclose our bank accounts. Therefore if possible, I hope you can help us deliver the right message to everyone and I will invite you to review our accounts, you will be able to witness our truthfulness and safety.”

    Load of bs

    After checking Bitfinex’s and Tether’s bank account, Zhao Dong posted the above-mentioned weibo and the community expressed their concerns. One of the most upvoted one reads:

    “You need to present a audit report from a third party accounting firm or lawyer. Your word doesn’t count.”
    And the comment below is from Jiang Zhuoer. He believes that anchoring to fiats is doomed.

    I don’t think they ever will

    “Anchoring itself is an act of anti-marketing. Even the mighty powers such as the British Empire (£ 1 = 7.32 gram of gold in 1821) and the American Empire ($ 35 = 19 ounces of gold in 1944) inevitably failed. Tether (and the USDT attempting to anchor USD) will perish in two ways: ① died of implosion like MT.Gox. ② died in the hands of United States government like the Liberty Reserve. The U.S. government will not allow any company to actually issue USD.”

  • Parti_zanu
    4 months ago Parti_zanu

    Lao Mao (and I) just have a look at the USD account of Tether and Bitfinex in Giancarlo’s(Boss of BFX,CFO) room

    This debunks all rumors around USDT

    That’s not how debunking works …

    Also, I don’t trust the guy who says “Trust me”

  • __Cyber_Dildonics__
    4 months ago __Cyber_Dildonics__

    What bank account?

  • nowshady
    4 months ago nowshady

    i think bitfinex can backed it up the amount of tethers that they have

  • [LTC/BTC/DTF]
    4 months ago [LTC/BTC/DTF]

    didn’t CSW try to pull that same trick ?

  • Crypto Wisdom
    4 months ago Crypto Wisdom

    I am not surprised to hear that $USDT is backed more than the 1.6 billion $ in circulation ( 3 billion $) . It is very profitable business.
    http://news.8btc.com/zhaodong-bitfinex-and-tether-hold-3-billion-usd-usdt-soon-listed-on-bigone …

  • WhalePanda
    4 months ago WhalePanda

    According to Zhao Dong, China’s biggest #Bitcoin OTC trader and investor in Bitfinex, Tether has $1.8 billion in a USD bank account. At this moment 1.6 billion $USDT have been printed. An additional $1.1 billion is held in a Bitfinex USD bank account. http://news.8btc.com/zhaodong-bitfinex-and-tether-hold-3-billion-usd-usdt-soon-listed-on-bigone …pic.twitter.com/LTbXE9rKhQ

  • Jimmy Ragosa
    4 months ago Jimmy Ragosa

    Let’s hope his word is worth more than Roger Ver’s.

  • sourcex
    4 months ago sourcex

    Proof from bitfinex or tether? Even @rogerkver said Mt Gox was solvent.

  • Cal Abel
    4 months ago Cal Abel

    Color me skeptical…

  • Crypto-Merovingian
    4 months ago Crypto-Merovingian

    @Capetlevrai @xDayKami @mrtchingy @Brykou @socallmekiwi

  • joshbuckley
    4 months ago joshbuckley

    https://youtu.be/UP1YsMlrfF0 

  • Outside The Box
    4 months ago Outside The Box

    According to my mom, who holds a small position in USD, he is lying.

  • Šrance Flešeren
    4 months ago Šrance Flešeren

    ah ok then, crisis averted, phewpic.twitter.com/ZEeEJD2wNX

  • Robert-Jan den Haan
    4 months ago Robert-Jan den Haan

    There are 2.15 billion Tethers printed.

    https://wallet.tether.to/transparency 

  • Ataraxia Investments
    4 months ago Ataraxia Investments

    Even if true, of which I’m certainly skeptical, this means they just became the biggest bounty for every U.S. agency and regulator who now wants a piece. Keep in mind #Tether sole purpose is to circumvent banking laws.

  • klaatu barada nikto (Stop TETHER & HFT ALGOS)
    4 months ago klaatu barada nikto (Stop TETHER & HFT ALGOS)

    It also proves Zhao could be this mysterious guy!

  • Manfred Karrer
    4 months ago Manfred Karrer

    Without any reliable audit no reason to trust such messages.

  • The Bear
    4 months ago The Bear

    Ils vous en faut peu lol.

  • PokeMaster420
    4 months ago PokeMaster420

    It’s over. The day they stop printing, btc starts plummeting agian.

  • DK
    4 months ago DK

    Finally. The public audit everyone has been waiting for! Conducted in the founders room by some guy. Excellent. Surely legit. Now let’s buy coin of the week everyone…

  • zexterio
    4 months ago zexterio

    What do you guys think of this news? It doesn’t seem all that trustworthy to me. Plus this seems to be the only excuse for not doing an audit:

    Giancarlo explained that the lack of third-party audition of USDT was due to the pressure of US banking industry. Tether’s vision is to fight the monopoly of traditional financial system.

    Huh? What does that have to do with an audit?

    What I gathered from that Vitalik Buterin post on this subreddit was that Tether and other stablecoins can work as long as people believe in it. So kind of like the dollar…or Venezuelan peso, for that matter. Like if for some reason people freak out and dump their Tether en mass, Tether won’t be able to “self-sustain” itself fast enough (I assume by burning the coins to keep the price per coin the same).

    This is why I wouldn’t want this to turn into a FUD-fest that brings down the crypto market. I don’t think any of us want that. But at the same time Tether/Bitfininex aren’t make it easy for us to trust them at all! Just some flimsy excuse for not doing the audit (and the excuse seems to imply they won’t do it anytime soon either) that doesn’t make much sense and that “some guy saw their account and said it was fine” as evidence. Meh. I want to see proof than that.

  • zxaslw
    4 months ago zxaslw

    Indeed . This all sounds very similar to when Roger visited mtgox and was shown some documents that convinced him that everything was ok.

    https://youtu.be/UP1YsMlrfF0

  • Parti_zanu
    4 months ago Parti_zanu

    https://youtu.be/UP1YsMlrfF0

    Roger Ver: I simply stated that the withdrawal delays were not being caused by a lack of liquidity. I made no claims as to whether or not MTGOX was solvent or not.

    astonishing

  • Sortica
    4 months ago Sortica

    Let’s see here, why would…..oh:

    “Zhao Dong is a shareholder of Bitfinex and he was happy to said that the ROI of bitfinex was quite amazing not long ago. His backing of Bitfinex seems to be in conflict of interest.”

  • Bi_Azy
    4 months ago Bi_Azy

    It reminds me on roger ver when he said funds at mt.gox are save one day before mt.gox collapsed. It‘s always the same… when a lot of money is involved people are lying and cheating all the time but eventually the house of cards will fall apart.

  • Sortica
    4 months ago Sortica

    Nowshady are you really too lazy to change your name and shill under a different one?

  • sunburntb
    4 months ago sunburntb

    This is the hallmark of egotistical greedy megalomaniacs. They think everybody else are idiots.

    They don’t realize they got this far simply by a lack of morals.

  • Kyle Torpey
    4 months ago Kyle Torpey

    Zhaodong, an early adopter of Bitcoin and a “whale”, claimed that the USD balance of Bitfinex and Tether was over 3 billion after Giancarlo, CFO of Tether and Bitfinex, showed them the bank accounts in Tokyo. http://news.8btc.com/zhaodong-bitfinex-and-tether-hold-3-billion-usd-usdt-soon-listed-on-bigone …

  • Kyle Torpey
    4 months ago Kyle Torpey

    South Korean cryptocurrency exchange Korbit has barred non-citizens from depositing local currency – the Korean won – on its platform.https://www.coindesk.com/korean-crypto-exchange-korbit-halting-deposits-from-non-citizens/ …

  • Crypto Marx
    4 months ago Crypto Marx

    What do they mean by seems to be? Regardless of if Tether is a fraud, his stake is Bitfinex absolutely is a conflict of interest as a source for verification of their reservespic.twitter.com/eq2eHsP4Cs

  • CryptoPooch
    4 months ago CryptoPooch

    What he says seems to conflict with what Tether’s own website says here – https://tether.to/wallet-service-and-platform-update/

    “Friedman LLP continues to work diligently toward a full balance sheet audit as of September 30, 2017. ”

    (and that’s posted after the interim report that was released – they’re clear that that interim report is not an audit)

    In any event – I don’t think his words will reassure anyone, nor should they. I’m hoping that the full audit is nearly done and that’s what should give people comfort, not the views of someone who has a clearly vested interest in the continued growth of Tether/BitFinex/etc.

    Tether aside, however, I do find it worrying why BitFinex need to play all these games with bank accounts that none of Kraken, Poloniex, Binance, Coinbase, etc. need to do.

  • et-nad
    4 months ago et-nad

    Zhaodong is an invstor I heard in bitfinex? is this true

  • SJorritsma
    4 months ago SJorritsma

    ZHAO DONG is shareholder of bitfinex. Don’t believe this.

  • endurofour
    4 months ago endurofour

    how can they burn the coins if they are not in possession of them? if USDT hodlers rush for the door, they would have to buy them up using fiat (USD) reserves to keep USDT = USD parity. If they run out of reserves… #rekt. See how George Soros Broke The Bank of England.

    Also read Bitfinex is requiring USD10K deposit before you can even trade??? Shoring up reserves?

  • Avoidgoal
    4 months ago Avoidgoal

    I think every one has their opinion with the audit thing with the tether and amount they are pointing out but until this time there is no concrete data about this theory or this thread being spread about. I think Bitfinex continue doing his business while we are busy scrutinizing them.They are so damn busy earning their gains while we are talking.

  • Crypto Squanch
    4 months ago Crypto Squanch

    Tether ile ilgili hep kötü haber mi paylaşacağız ?
    Bigone Ceosu tether ve bitfinexin banka hesaplarını (tether ile ilintili) gördüğünü ve toplam 3 milyar dolara tekabül eden usd karşılığının olduğunu iddia ediyor yani piyasadaki tetherin 2 katı bankada!
    http://news.8btc.com/zhaodong-bitfinex-and-tether-hold-3-billion-usd-usdt-soon-listed-on-bigone …

  • Crypto Kemal
    4 months ago Crypto Kemal

    Şöyle 3-5 haber gelse piyasaya ALLAAAAH

  • sesbüzüştüreççi
    4 months ago sesbüzüştüreççi

    Bunun kanıtı olan bir belge var mıdır hocam ?

  • Yunus Yılmaz
    4 months ago Yunus Yılmaz

    La yoooook paralı adam tutmuşlar saçmalama sen de. Böyle haber mi olur dalga geçiyorlar. Belge yayınlamak çok mu zor

  • Behcett
    4 months ago Behcett

    Niye tether deli mi ki bu kadar karşılığı bankada tutsun ?

  • Money Bank #21
    4 months ago Money Bank #21

    Bigone da işin içinde cemaat de

  • metin yilmaz
    4 months ago metin yilmaz

    Hocam dunku yayinin kaydini paylasicakmisiniz,paylasmicaksaniz su 4 iconun adini verirmisiniz..

  • Chris H
    4 months ago Chris H

    Zhaodong: Bitfinex and Tether Hold 3 Billion USD, USDT Soon Listed On Bigone | http://NEWS.8BTC.COM . <– is this information trustworthy? Will US gov’t permit this proxy printing?http://news.8btc.com/zhaodong-bitfinex-and-tether-hold-3-billion-usd-usdt-soon-listed-on-bigone …

  • CryptoHodor
    4 months ago CryptoHodor

    I’m not sure what your point is. But this debunks any so-called “risk” of Tether.http://news.8btc.com/zhaodong-bitfinex-and-tether-hold-3-billion-usd-usdt-soon-listed-on-bigone …

  • Chained2TheBrain
    4 months ago Chained2TheBrain

    “some guy with a material interest in keeping bitfinex afloat promises it is all okay. fud debunked”

  • GPas
    4 months ago GPas

    Some bloke’s word isn’t even close to being sufficient when so much money is involved. Remember Ver and MtGox? Something is very wrong here, BTC pumps a few hours after every Tether grant, see @Bitfinexed for the correlation. Have to be highly cynical in an unregulated market.

  • ZosimisoZ
    4 months ago ZosimisoZ

    belki de iddia edildiğinin aksine tether basıldığı için coin fiyatları artmak yerine, uzun vadede yükselen coin fiyatlarından dolayı yeni tether basılmasına ihtiyaç duyuluyor olamaz mı?

  • sonradan gorme
    4 months ago sonradan gorme

    aslında Türkiye’de 1$ karşılığı 1 usdt alınacak borsa olsa deli iş yapar…
    USDT borsaları açılırsa efsane bir işleve sahip olur.

  • hussein kanji
    4 months ago hussein kanji

    So Tether has a bunch of cash in their bank accounts?http://news.8btc.com/zhaodong-bitfinex-and-tether-hold-3-billion-usd-usdt-soon-listed-on-bigone …

  • dj Thistle
    4 months ago dj Thistle

    “…1.8x billion USD and Bitfinex holds 1.1x billion USD. The total number….around 3 billion USD,…beyond the current circulated supply of USDT. This debunks all rumors around USDT”http://news.8btc.com/zhaodong-bitfinex-and-tether-hold-3-billion-usd-usdt-soon-listed-on-bigone …

  • Jay Millz
    4 months ago Jay Millz

    Down goes @Bitfinexed

  • mack
    4 months ago mack

    Isn’t he invested in bitifnex/ifinex? Which would be the same as ver saying mtgox was solvent when it wasn’t

  • Storm
    4 months ago Storm

    This is far from a professional audit, it would be treated as nothing more than hearsay in an American court.

  • DegenerateCoder
    4 months ago DegenerateCoder

    How is this any different from roger ver & mt Gox… made it sound more sketchy

  • Shawn
    4 months ago Shawn

    $USDT is the tree that falls in the woods and no one is mentally around to hear it. The physical phenomena will occur when the actual tree falls on top of the people who can’t hear it falling despite being all around the tree.

  • john
    4 months ago john

    So where’s the audit? This can be compared to roger ver saying gox was solvent.

  • Gayan
    4 months ago Gayan

    if this is true, it makes it even more strange that they haven’t been able to get an audit done…

  • electo
    4 months ago electo

    I dont beleive in the tether FUD per se, but this article doesnt quite distill confidence in you. Quote: “Zhao Dong is a shareholder of Bitfinex and he was happy to said that the ROI of bitfinex was quite amazing not long ago.” Also remember Roger Ver and Mt Gox? I do.

  • sourcex
    4 months ago sourcex

    Did they show it in proof? Hard to believe them considering that they haven’t release an audit still. Shouldn’t be a problem if they have the money

  • Cryptoshock [Protect Net Neutrality]
    4 months ago Cryptoshock [Protect Net Neutrality]

    Zhaodong: Bitfinex and Tether Hold 3 Billion USD, USDT Soon Listed On Bigonehttp://news.8btc.com/zhaodong-bitfinex-and-tether-hold-3-billion-usd-usdt-soon-listed-on-bigone …

  • guruprasad
    4 months ago guruprasad

    Zhaodong: Bitfinex and Tether Hold 3 Billion USD, USDT Soon Listed On Bigone | http://NEWS.8BTC.COM http://news.8btc.com/zhaodong-bitfinex-and-tether-hold-3-billion-usd-usdt-soon-listed-on-bigone …

  • John Poublon
    4 months ago John Poublon

    Tether is legit!! Funds are in vault! #usdt #tetherhttp://news.8btc.com/zhaodong-bitfinex-and-tether-hold-3-billion-usd-usdt-soon-listed-on-bigone …

  • CHOOCH
    4 months ago CHOOCH

    Found this, could be nothing thohttp://news.8btc.com/zhaodong-bitfinex-and-tether-hold-3-billion-usd-usdt-soon-listed-on-bigone …

  • ForexLive
    4 months ago ForexLive

    yeah, that’s hardly an auditor

  • M.O.T.B.
    4 months ago M.O.T.B.

    So they will be backed by other currencies and avoid the pain with the us banks:http://news.8btc.com/zhaodong-bitfinex-and-tether-hold-3-billion-usd-usdt-soon-listed-on-bigone …

  • CryptoShill
    4 months ago CryptoShill

    Scathing! #FUD #bitcoin #btc #tether #bitfinexhttp://news.8btc.com/zhaodong-bitfinex-and-tether-hold-3-billion-usd-usdt-soon-listed-on-bigone …

  • Flavio Pirazzi
    4 months ago Flavio Pirazzi

    #BitFinex comunque potrebbe avere la copertura finanziaria necessaria, cioè 2.5 mld o più o meno quella cifra di dollari per tenere su il sistema $Usdthttp://news.8btc.com/zhaodong-bitfinex-and-tether-hold-3-billion-usd-usdt-soon-listed-on-bigone …

  • Flavio Pirazzi
    4 months ago Flavio Pirazzi

    Se tutto ciò verrà confermato, #btc schizza nuovamente su di valore. Ma non sono cose da 72H come ci hanno abituati in questi mesi credo.

  • SingaporeRoy
    4 months ago SingaporeRoy

    @generalmilan, have you seen this article? But perhaps it may not make a difference to the conclusion you might draw about Tether.http://news.8btc.com/zhaodong-bitfinex-and-tether-hold-3-billion-usd-usdt-soon-listed-on-bigone …

  • magnemg
    4 months ago magnemg

    What’s speaking in favor for @Tether_to being legit?
    “Zhaodong: Bitfinex and Tether Hold 3 Billion USD, USDT Soon Listed On Bigone” #crypto #panic #cryptocurrencies @Bitfinexed
    News article:
    http://news.8btc.com/zhaodong-bitfinex-and-tether-hold-3-billion-usd-usdt-soon-listed-on-bigone …
    Original blog:
    https://translate.google.com/translate?sl=zh-CN&tl=en&js=y&prev=_t&hl=no&ie=UTF-8&u=http%3A%2F%2Fmp.weixin.qq.com%2Fs%2FdOPImpbeuKMcYVAIKFo9FA&edit-text=&act=url …

  • Alt Coin
    4 months ago Alt Coin

    Bitfinex and Tether Hold 3 Billion USDhttp://news.8btc.com/zhaodong-bitfinex-and-tether-hold-3-billion-usd-usdt-soon-listed-on-bigone …

  • General Milan
    4 months ago General Milan

    Yes, the photo is at the Four Seasons in Tokyo. We don’t think Tether is bad and they probably do have the dollars in some hidden bank account. But is that really safe? If they can switch to another currency or at least diversify it could help.

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