Tether and bitfinex, why the crunch has come now
Many people have noticed the questionable coin that is tether and bitfinex's practise of using only tether, which is infact owned by bitfinex, for crypto purchases.
I havent used bitfinex ever, theyve always beeb high to buy and lower to sell prices than the exchanges i do use, and I didnt like the smell things when plus500 switched to using them and i was noticing suspicious pricing. But thats another story anyway...
For a while now people have been pointing out this conflict of interest between tether and bitfinex, so why now is there a sudden media shitstorm?
Why didnt people catch on to the whole buying one unknown crypto specifically to buy any of the big players at all :/
Is this whole media frenzy purposely encouraging a dump?
I wonder if rupert murdoch has invested :p
Can we all sue bitfinex for fucking shit up. If it turns out they have purposely inflated the price? Do you thibk theyve done it on purpose.