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…

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…

It 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…

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…

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…

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…

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’ed

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. Because I’m about to post a solution for exchanges that have Tether, and…

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…