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RE: 🔀 Bitfinex & Fraud? - When Do We Finally Get Real Answers?
Could there be any other explanation as to why Bitfinex doesn't want to prove that Tether is really backed by the dollars they claim it is, or is it absolutely because they are hiding something?
I don´t know. Maybe they have such a strange legal setup to avoid legislation that they don´t want to reveal the information to protect themselves. We´ll know it soon enough I guess
Schemes like this one could last for years, but hopefully they break under the pressure first, with the likes of even Bloomberg covering the situation... it's only a matter of time.