Discover and read the best of Twitter Threads about #Ifinex
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I've been scratching my head thinking why does #curacao sound familiar re: #ifinex #tether #bitfinex finally I remembered Bitfinex Prediction Markets N.V was incorporated in Curacao 
From the registry filing #Bitfinex Prediction Markets N.V was placed in liquidation August 2021.
So what was Bitfinex Prediction Markets? well its actually meant to be "Betfinex" and was first promoted in the crappy #leo #whitepaper (you know the one where #ifinex had c.$600m unpaid dividends (liabilities) to its shareholders and no way to pay them without the Leo raise).
#TETHER distributed $108.5 billion in USDT,
received $32.7 billion in $USDT in that same period,
sent a staggering majority of $USDT directly to market makers and liquidity providers.
received $32.7 billion in $USDT in that same period,
sent a staggering majority of $USDT directly to market makers and liquidity providers.
Some of these entities maintain crypto exchanges; the data presented here relates specifically to their operational addresses as companies.
#Tether supplied categorized “market makers” with 89.2% of all $USDT ($97 billion) it sent.
Trading funds and other miscellaneous companies received $9.2 billion (8.5%).
Smaller transactions deemed to have been received by “individuals” amounted to $2.35 billion (2.3%).
Trading funds and other miscellaneous companies received $9.2 billion (8.5%).
Smaller transactions deemed to have been received by “individuals” amounted to $2.35 billion (2.3%).
Okay. So in the middle of #bitcoin $BTC dalalilama to $40k and beyond, while we are all (including me) exceedingly happy... Humor me and think about #tether for a moment. Let's do it together:
We know that there are "scientific" papers out there that allege that $USDT prints drove $BTC price in 2016/17 and we also know those have been disputed in some ways by other smart people. I have read those disputes and I can see their point too. We also know that...
... @lawmaster, a guy that many people would say is highly trustworthy in this trustless industry (myself included) has "testified" that he has spoken to more than 10 (I think) people who have successfully redeemend money from #tether. We have also seen irregular balance...
A quick sort of the #FinCEN #MSB registrations shows that only 3 companies registered #wyoming as the only US state they operate. #tether #BFXNA (ifinex) and #blockmason link to complete list bit.ly/2Vc25uy
None are actually registered in Wyoming check here wyomingbankingdivision.wyo.gov/home/areas-of-… but they technically don't have to thanks to the 7Mar2018 HB0019, House Bill 19 Wyoming Money Transmitter Act-virtual currency exemption. moneytransmitterlaw.com/state-laws/wyo…
