Bitfinex

[Anonymous No.13519244]

New news about Bitfinex and Tether anons?

[Anonymous No.13519255]

>https://www.theblockcrypto.com/2019/05/04/bitfinex-issues-ieo-white-paper-tokens-will-be-bought-back-after-850-million-funds-unfrozen/
market saved

[Anonymous No.13519256]

>>13519244
nope the fud was just bullshit

[Anonymous No.13519264]

>>13519244
finex's death is already programmed. we are cleaning the space anon
https://www.risk.net/risk-management/6139201/qa-cftcs-quintenz-talks-bitcoin-nasdaq-breach-algo-trading

[Anonymous No.13519268]

They go into court today

[Anonymous No.13519288]

>>13519264
>>13519268
So we can expect a big crash as clean up, with fall of Bitfinex/Tether before the run can begin, is this kind of correct?

[Anonymous No.13519310]

>>13519288
Bitcoin will go to 1-2k this year imo then stay there for a while. There wont be any bull market until shitcoins, binance, etc. die. Next stage for bitcoin is to be traded in a regulated environment

[Anonymous No.13519344]

it's a nothingburger https://www.reddit.com/r/ethtrader/comments/bjukqf/bitfinex_court_defense_document/

[Anonymous No.13519356]

its fine. everything is totally fine.

[Anonymous No.13519357]

stupid normies believing the fud...

There are no US customers affected by withdrawal delays

Crypto Capital wasn't operating a legal kyc/aml compliant business. The fault was not BFX's. The money has been seized and is waiting to be returned to the owners. Crypto Capital was the processor for a lot of the major exchanges, including Kraken.

Due to this liquidity issue, BFX decided to reword the definitions for Tether so that it is a temporary fractional reserve of 74% backed, not 1:1 as was previously defined. For reference, banks are normally ~10%.

The US gov decided it was in the best interests of customers to take a case against BFX and go to the media about it without telling BFX, thereby creating a real risk of run on BFX themselves.

The US gov didn't discover themselves that it was no longer pegged 1:1, BFX told them as they have been in constant correspondence.

It doesn't look like what the AG is doing is legal.

[Anonymous No.13519361]

I’m highly surprised the injunction was issued for two major reasons:

The AG simply assumed that Tether is a security as defined by the howey test. Not only is assumption of a required element not acceptable but i don’t think they can convince a judge that tether is a security, which is probably why they glossed over that in their application for the injunction. No one is buying tether in order to profit off the price of tether appreciating.

an injunction is only permitted when there is immediate and irreparable harm caused by the activity the injunction seeks to stop. The AG didn’t even bother to specify what harm is occurring and to whom it would occur. The standard for a preliminary injunction is quite high for good reason and it obviously wasn’t met here.

It’s also unusual that bfx and tether were cooperating and yet the AG brought an ex-parte application anyway. That implies that the filing was made in bad faith. The AG misrepresented the facts and purposely did not allow bfx to respond to the application by filing for an injunction ex-parte.

Very fishy.

What is an "Ex Parte Order"?

An ex parte order is any court order that is issued when one party is not present at the hearing. Such hearings are called “ex parte” hearings or ex parte judgments. Ex parte hearings are allowed in various circumstances, most notably when it is an emergency situation and the other party can’t be contacted, or if the petitioner needs immediate relief or protection.

[Anonymous No.13519362]

>>13519244
It was all a big nothing burger 20k EOY

[Anonymous No.13519372]

>>13519361
t. chief legal officer of bitfinex.
>”funds are safu”

[Anonymous No.13519375]

I want to be ready, can u tell me What will happen to tether when satoshi gets the 1,100,000 mil BTC from the tulip trust?

[Anonymous No.13519376]

>>13519357
>>13519361
Sounds like you know law anon, are you practising? What do you think will happen?

[Anonymous No.13519626]

It's going down

[Anonymous No.13519751]

>>13519357
>74% backed
Have you seen an independent audit of it? That's what I thought... They say muh 74% but it's not even sure, they can be lying. AG issued an injunction because they know finex is doing shady shit.
What you dont understant is that the whole banking system want the crypto trading profits for themselves, with their regulated exchanges. Offshore platforms will go bust, that's the plan, dont try to fight it.

[Anonymous No.13519775]

>>13519626
This.

What all the autists on this board don’t realize is that the AG is just being guided by the banking cartel.

If the market tanks it won’t be because of tether directly, tethers collapse will just be used as a cover for banks to dump paper futures contracts on the market. It happened on the 6k to 3k drop on the bullshit bsv fork fud, which any rational market would never have accounted for. Why did the market account for it? Because banks want this pig to tank and will use every opportunity to cover their tracks from brainlets like most fags itt

[Anonymous No.13520612]

[Anonymous No.13520620]

Full document:
https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=8W00ssb7x5ZOaj8HKFdbfQ==

[Anonymous No.13521179]

>>13520612
haha these cunts will go down. Adam Back and core btc devs defending them are scum

[Anonymous No.13521304]

The nexus of Ifinex and crypto capital its pretty obvious. It was all a fraud. There was an article exposing everything posted here the other day, basically Ifinex is dead, goverment is already arresting people and they have emails and shit, its just a matter of time.
Now, you need to take in account that Tether was inflating the price of bitcoin, there is a paper about that. This will crash BTC, add that a lot of exchanges are going bankrut because they are operating with insufficient funds and when the volume drys they will die. So yeah, basically expect BTC to sub 1k

[Anonymous No.13521640]

FUD FUD FUD FUD FUD FUD FUD FUD

[Anonymous No.13521866]

>>13521640
Shows kind of the current situtation perfectly

[Anonymous No.13521900]

>>13521304
>its just a matter of time
Be honest, you were posting the same thing in 2017

[Anonymous No.13521939]

>>13519751
>What you dont understant is that the whole banking system want the crypto trading profits for themselves, with their regulated exchanges
then why isnt coinbase, bitstamp, kraken or gemini being affected

[Anonymous No.13521968]

>>13521640
COPE bobo

[Anonymous No.13522032]

>>13519361
This. It’s still a nothing burger for the time being.

> Foundationally they are fucked because they assume cryptocurrencies are a security or commodity, which we all know the SEC hasn’t taken an official stance on

> ex parte is bullshit. Literally means you’re coming in with little to no notice to the other party asking for relief. If they’ve been in contact with eachother as much as the AG is letting on then not sending even a quick note for ex parte hearing or something to Bitfinex is shady as fuck

> No way is a judge going to require Bitfinex provide thousands of documents and defend this action on a one week turn around

> New York Supreme Court isn’t as significant as most people probably think. New York Court heirarchy is wacky and the NYSC is basically just a superior court

[Anonymous No.13522070]

>>13519244
The game us done. Powers that be know the whole picture who us manipulating and laundering money behind the scenes.
All exchanges using Crypto capital like fishy operators will need to come under regulated umbrella or disappear.
The governments will go privately against their founders and criminal acts and associations. All is known.
The octopus is worldwide but not a lot of people are involved.
Finex will be a warning shot.
You will not see a real bull market unless new money comes in. And it won't under financial background crypto gas now...

[Anonymous No.13522103]

>>13522070
spread this video my son. do gods work
https://www.youtube.com/watch?v=Q-WZOyOV8yA

[Anonymous No.13522214]

>>13519244
FUCK THEM

[Anonymous No.13522253]

>>13519376

[Anonymous No.13522275]

>>13521304
Thank you for your contribution!

[Anonymous No.13522357]

https://ag.ny.gov/sites/default/files/pdfs/bureaus/investor_protection/library/NY%20Gen%20Bus%20Law%20Article%2023-A.pdf

> CTRL + F "Cryptocurrency": 0 results found

The act pertains to fraudulent activities regarding securities or commodities, of which Crypto is still neither.

[Anonymous No.13522923]

So many big players from 2014 are in this shit!
The feds are cleaning house before the real financial players step in the game and assume Finex, bitmex, Binance place.
Those whales scammers will have to dump their bags OTC to new players to avoid jail time. They probably already did...

[Anonymous No.13523016]

>>13522103
Thanks for this. Will do.
Seen a similar one as well as some archived medium article. Good shit.
This scam is done. Agencies are circling and founders are shaking.
Founders are the weak points if the exchange itself isn't.
They are mostly degenerates in many fronts and scared of jail time. They will buckle under pressure and drop the ball