Dec 2, 2022Tether & Bitfinex: The Gaslighting of the Crypto Community and Wheel of Misinformation & MisdirectionYesterday, Tether put out a “news” article complaining about the mainstream media's coverage on Tether. That “article” can be found here (Archive) Tether asks us the following question:Cryptocurrency4 min readCryptocurrency4 min read
Jul 6, 2021Circle USDC: Be better than Tether. Don’t talk about transparency, show transparency.In 2014, when Tether first made their announcement to the market, I have no doubt in my mind that the idea behind Tether was not to commit fraud. It wasn’t to launder money. Tether’s goal was to try and solve a problem in bitcoin, a problem with exchanges playing games…Cryptocurrency7 min readCryptocurrency7 min read
Jul 3, 2021The Fidelity Stablecoin that does what so-called ‘Stablecoin’ issuers claim is impossible!We hear a lot from so-called ‘Stablecoin’ Issuers that they can’t do audits, because so-called ‘Stablecoins’ are such a new and innovative concept. We also hear from these issuers that the breakdown of their reserves must be a total secret. We hear bullshit terms such as “Commercially Sensitive Commercial Paper”. …Bitfinex6 min readBitfinex6 min read
Jun 14, 2021Tether is setting a New Standard for Transparency, that is Untethered from factsIt has been a while since I’ve written a new blog post regarding our favorite subject, Bitfinex & Tether. There have been other writers who have taken up the slack for my own lack of blog posts on Bitfinex & Tether, most notable are CasPiancey and Bennett Tomlin. However, I…Bitfinex13 min readBitfinex13 min read
Feb 18, 2018Understanding Bogus USD Crypto-currency ‘Volume’: Why you should disregard FakeUSD™ Prices and Volume.In Crypto-Markets, pretty much every single crypto-coin is always priced in United States Dollars, or, USD. Internally, exchanges may show the prices in terms of Bitcoin if they’re not using USDT in the pairing, but the reality is nobody cares about this. They care about the “USD”, or fiat values…Bitcoin5 min readBitcoin5 min read
Feb 8, 2018Bitfinex and Tether is unauditable: Why they will never do a real audit.As I’m sure you are all aware, recently Bitfinex and Tether announced that the relationship between them, and their auditor, Friedman LLP has been dissolved. Tether Confirms Its Relationship With Auditor Has 'Dissolved' - CoinDesk Tether, the issuer of the dollar-pegged cryptocurrency USDT, said its relationship with audit firm Friedman LLP has…www.coindesk.com “We confirm that the relationship with Friedman is dissolved. Given the excruciatingly detailed procedures Friedman was undertaking for the relatively simple balance sheet of Tether…Bitcoin7 min readBitcoin7 min read
Feb 7, 2018The Audio Recordings Bitfinex doesn’t want you to hear.Bitfinex is mad because I actually took the effort to listen to all of their available recordings of their public chat channels. They know these channels can be recorded. They are public. Anyone can go onto them and listen to them. They even stream it on YouTube. In some cases…Bitcoin3 min readBitcoin3 min read
Published inHackerNoon.com·Feb 7, 2018Can Confirm. I am ‘AtlasRand1’ on Reddit.I will not be silenced. By cutting out a mans tongue you don’t prove him a liar, you prove you’re afraid of what he has to say. -Bitfinex’edBitcoin1 min readBitcoin1 min read
Jan 31, 2018Tether Exchanges: How to avoid getting ‘Tethered’.As you all know, it was reported today that on December 6th 2017, Bitfinex and Tether were served subpoenas from the CFTC. U.S. Regulators Subpoena Crypto Exchange Bitfinex, Tether U.S. regulators are scrutinizing one of the world's largest cryptocurrency exchanges as questions mount over a digital…www.bloomberg.com A lot of people complain that I ‘never post solutions’, regarding Tether. Well, buckle up. …Bitcoin2 min readBitcoin2 min read
Jan 27, 2018Bitfinex fails to perform promised audits. Instead, they have a shareholder tell everyone it’s all cool.As I’ve expected, Bitfinex fails to provide promised professional audits. Here’s a brief history of their latest failure to provide an audit. On May 5th, 2017 Bitfinex announced that they were undergoing a ‘balance sheet audit’ by Friedman LLP. Roughly 8 months later, it appears that those plans have unsurprisingly…Bitcoin6 min readBitcoin6 min read
