Are Fraudulent Tethers being used for margin lending on Bitfinex?

medium.com

If you have used an exchange, you probably have used Tethers (USDT). A Tether is backed by a real dollar, but it has its own blockchain and it's tradeable, so it's very convenient. But it's also a bit shady: it's very difficult to track, they had liquidity problems in the past, and it's not really decentralized. This article theorizes that fraudulent Tethers are being created to manipulate the markets, and what it says makes sense. After reading other shady practices in markets, I'd say that it's probably true.

Read more...
Linkedin

Want to receive more content like this in your inbox?