they are not allowed to access or move ANY funds and are required to preserve all documents.
bitfinex filed this motion today to try and prevent this from happening
iapps.courts.state.ny.us
things are not looking so good for them
Bitfinex and tether have a hearing this friday
Liam Sanchez
Other urls found in this thread:
justice.gov
twitter.com
Hunter Bell
hey bear cope
Aiden Roberts
Ughh let this scam die already
Charles Diaz
does that mean they closed withdrawals?
Daniel Lewis
its ogre, you cant even cash out
Gavin Diaz
They can't process fiat withdrawals without access to funds
Cooper Perry
Yes.
Lucas Turner
Good so I've got a few days yet to get out
Ryan Rodriguez
>b-b-b-but china
Camden Brown
why is tether not crashing
Jaxson Sanders
>not allowed
Kek they won't even show up
Yolo
William Gonzalez
they cant ignore it or the money will be seized
Evan Martin
Why didn't you sell your BTC to the fags panick buying in? And buying back the next day lower?
Joseph Martin
who the fuck cares about fiat
just convert them all into cryptos
Jose Hughes
Thanks user, this helps with my bonus!
Carter Jackson
GET THE FUCK OUT OF CRYPTO IMMEDIATELY
Aaron Lopez
idiots will be idiots, hodlers will ne hodlers
Gavin Evans
I don't get it
People will just try to get out of Bitfinex by converting their USD into cryptos
How's this bearish?
Landon Diaz
>why would a collapse of the largest crypto to fiat exchange be a bad thing
Owen Collins
>why would taking 3 BILLION "DOLLARS" out of a market be a bad thing
Christian Cox
What money? You assume they haven't embezzled all of the deposits out already.
David Roberts
because Bitfinex has to liquidate holdings to stay solvent. At the same time as they liquidate the price drops. They dont have enough money for people to buy back in.
Blake Adams
Bitfinex is barely relevant nowadays. Most newfags don't even have its account.
Adam Turner
USDT/BTC pair skyrocketing to 40.000
meanwhile
USD/BTC pair crashing to 1.000
How is this a bad thing?
Brayden Young
You understand USDT is a digital token run on Omni chain right? USDT can be traded with or without Bitfinex. Personally I've done a few trades with my local pals.
Cameron Williams
bitfinex is literally the largest crypto to fiat exchange...not to mention that all of the non fiat exchanges like binance and huobi are infected with shit loads of USDT that would go to zero
Nolan Wilson
im using PAX as my stable coin.
Camden Gray
it doesnt matter if you can trade it if its worth ZERO
Eli Ross
BitFinex is too big to fail. I'm sure all the other exchanges will bail them out. There's to much money and business at stake.
Easton Gutierrez
>cash equivalents
What does this mean?
Alexander Gonzalez
based on which stats?
It was the largest maybe 2 years ago.
I highly doubt it now as there are like 10 stable coins.
Blake Kelly
just like mt gox was too big to fail? they had a much higher % of the market than finex does
Evan Butler
dude look on cmc. it is without a doubt the largest exchange and stable coin
Owen Richardson
That was a different time. It wasn't as big yet. Not so many thriving businesses as now. This time is unironically different. It is in everybody's interest to bail Finex out. I'm sure Blockstream will soon announce the measures and actions to be taken by the cryptocommunity. And in a few months we'll all be laughing about this.
David Mitchell
t. Tether shill
Robert Morgan
bitfinex actually does have shill accounts on twitter to push this fractional reserve narrative. almost all of the users commenting shit like this are brand new accounts. it wouldnt surprise me if they are here as well
Jeremiah Anderson
Brainlet
Julian Kelly
That was a different time. It wasn't as big yet. Not so many thriving businesses as now. This time is unironically different. It is in everybody's interest to bail Finex out. I'm sure Blockstream will soon announce the measures and actions to be taken by the cryptocommunity. And in a few months we'll all be laughing about this.
Alexander Hill
the plot thickens indeed. the $850m that was seized from bitfinex is in conjunction with these arrests for financial crimes. BITFINEX IS NOT GETTING THIS MONEY BACK
Blake Fisher
this time it won't just crash, it will be delisted from everywhere.
Alexander Sullivan
The May 3rd hearing of Bitfinex will be pretty interesting now. The move of the NYAG and DOJ was coordinated, they are going to make an example out of Bitfinex.
Carson Diaz
BTC will flash crash this weekend.
Luis Gutierrez
still harping on the tetherfud? HAHA this shit doesn't work no more bear faggots. you're shorts will get squeezed and liquidated
Noah Hughes
The difference is that it's no longer FUD --- it's REAL
Colton Mitchell
fuck em up Tether!
Jeremiah Harris
the difference is that Tether is not the only stable coin anymore
Jaxon Roberts
Any oldfags remember when the DOJ pushed the shit out of the online poker (Full Tilt Poker) and other sites back in 2011? This USDT/Bitfinex situation feels oddly similar... Online poker never recovered to the point where it was at the beginning of the decade.