t. Mr. Life Savings in usdt
He put his money on a Chinese exchange
Benjamin Walker
Aiden Kelly
Now that's a good joke.
Juan Cox
LTC? XMR?
That's where I am hiding some rn
Joseph Perez
tether reserves
Josiah Carter
Tether Inc already admitted that tether isn't 1:1
breakermag.com
Ayden Morales
and where do they get tether reserves from?
Matthew Thomas
They say it's backed by assets and that its value is PEGGED to 1 USD because Tether regards 1 Tether of the equivalent value of 1 USD. But it doesn't actually have the cash reserves. It is pegged cause they're washtrading it.
Camden Bailey
Long bitcorn, short tether
Anthony Garcia
>i'd like to know what they mean by 'lost' 850 million
Hmmm.. tricky one to decipher alright. What could they have meant by this, 'lost, 850 million' ?
Brayden Stewart
what was the original $850M though? users funds? if so then it's not necessarily that bad as long as their isn't a run on the exchange.
tether is fucked though
>850M unbacked tether floating around