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RE: 🚨🚨🚨 BREAKING NEWS: Tether blows up 🚨🚨🚨 US govt. subpoenas Bitfinex

There is no need for panic over this, the subpoena was issued all the way back in december and is likely routine. Not saying i think Tether’s operation is entirely legitimate, but i don’t think this will effect it in the end.

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There was an article that they have money.

According to a rough translation, Zhao Dong’s Weibo post states “Lao Mao (and I) just had 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.”

I hope this is correct!!

Btw, here is the video that explains that it is an old news

https://steemit.com/cryptocurrency/@foodnature/tether-fud-explained-in-2min

Hope is all we have. 😂

Phew, that is good info.

I hope the above information is correct! If they have $3b things should be okay

Yes, that's true but the news that it happened is new. The market is definitely reacting to it IMO and it's going to be an uncertain time until the actual courtdate (which is unknown to me still).

In the long run we will be fine.. it won't kill crypto, but it could still be a big dip

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