Bitfinex never ‘repaid’ their tokens, Bitfinex started a ponzi scheme.

Figuring out ‘Bitfinex Math’

I pulled this from the YouTube archive from WhalePool (WhalePool is mad I don’t give them credit, so here’s your credit). However, I have re-posted the audio in case WhalePool deletes it as they are prone to doing whenever I find the good stuff.

“The fastest way to get paid back, is to convert debt to shares and then sell your shares to another shareholder”.
Bitfinex Chief Financial Officer, Giancarlo Devasini

Web Archive
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Bitfinex creates value out of nothing

Source (Archive)
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Yes, Tether is owned by Bitfinex. Proof

Tethers are on the rise

Source (Archive)

There Is No Such Thing As Free Money

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