Tether and bitfinex, why the crunch has come now

in #bitfinex7 years ago

Many people have images.jpeg 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.