Tether & Bitfinex: The Gaslighting of the Crypto Community and Wheel of Misinformation & Misdirection
Yesterday, 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:
Where do I begin?
Tether doesn’t disclose that Sam Bankman-Fried/Alameda was in fact, Tethers largest customer. Sam Bankman-Fried/Alameda allegedly sent 36 billion dollars to the Tether fraud, to buy Tethers.
Tether has provided zero audited financials to show that they actually received this money as they claim.
So is Tether asking us, where were the Tether critics warning about… Tethers largest so-called customer?
We were right here. Let’s take a peek at my track record.
I mean, I can go on, and on, and on. Tether/Bitfinex kept FTX/Sam Bankman-Fried/Alameda as a “customer”, despite all of the “FUD” from Bitfinex’ed!
So How come Tether didn’t warn us about FTX/Alameda?
Oh right, again, FTX/Sam Bankman-Fried/Alameda was Tethers largest customer.
What is now known as a huge fraud that stole billions of dollars… also allegedly sent 36 billion dollars to executives under criminal investigation for bank fraud.
Here’s the recordings where Sam Bankman-Fried/Alameda admits to lying to his bank in order to get a bank account, misrepresenting his business as a “research” business instead of a crypto trader:
For completion, here’s Tethers former “Chief Strategy Officer”, Phil Potter also admitting to bank fraud.
Basically, Alameda/Sam Bankman-Fried/FTX and Tether are all in the same Ponzi business. It makes sense, since Bitfinex itself was founded by… a Ponzi scammer.
Tether admits that Sam Bankman-Fried/Alameda is their customer in 2021 Interview
In July 2021, two “Tether People”, Stuart Hoegner and Paolo Ardoino conducted an interview with Deirdre Bosa.
That interview is available below, may I point you to the section 25 minutes into the video, when Deirdre Bosa asks how come Tether executives Giancarlo Devasini, and Jean-Louis van der Velde never come on for an interview?
It’s because they’re super hard workers, taking care of their customers like Sam at Alameda.
Shortly after FTX/Sam Bankman-Fried/Alameda blew up, this interview disappeared. Perhaps they were sent a nasty gram by Tethers lawyers.
After I made some noise about it’s sudden disappearance however, it’s been restored for everyone to enjoy.
Tether is attempting to distance themselves from Sam Bankman-Fried/Alameda, after allegedly receiving 36 billion dollars from this con artist, money that they can’t seem to produce a legitimate audit for.
It’s now known that FTX was a bucket shop.
People deposited real money, and got fake tokens that were “not on the blockchain”, and then Sam Bankman-Fried/Alameda… allegedly sent all of money to a company that everyone knows is under DOJ criminal investigation for bank fraud.
Tether tries to redirect the conversation towards its critics, claiming that they never warned about the failures of those crypto companies, while pretending they were not involved with those companies themselves.
Tether asks how come the Tether critics didn’t warn about BlockFi.
We did, in 2019.
Tether asks us how come we didn’t warn people about Celsius.
Tether also forgot to mention in their “news”, that they were the lead investor into the Celsius ponzi scam. Don’t believe me? See for yourself.
Celsius Network secures US$10M equity raise with Tether as lead investor
LONDON, June 22, 2020 /PRNewswire/ -- Celsius Network Limited ("Celsius") is excited to announce that Tether…
Tether also loaned a billion Tethers to the Celsius Ponzi in an attempt to keep it afloat.
Don’t believe me? See for yourself.
Tether Has Loaned $1B to Celsius Network: Report
Tether, issuer of the eponymous stablecoin, has loaned $1 billion to Celsius Network, a crypto lender that has drawn…
I however, warned everyone about the Celsius Ponzi scam. The red flag? Doing business with Bitfinex/Tether. Just like FTX/Sam Bankman-Fried/Alameda.
Celsius was also Bitfinex customer, as I warned everyone about here:
I literally warned everyone about every single one of the frauds that blew up, with the exception of Three Arrows Capital (3AC).
Tether provided zero warnings, because they were doing business with the frauds.
And now they want to wash their hands of the frauds that they supported.
Don’t let em’.