π§΅π¨π¨π¨π¨π¨
Does anyone think it's a coincidence that #AEX, first exchange to close withdrawal, tweeted about a $1B bank run THE SAME DAY that #Tether burned EXACTLY $1B?
WTF is a mid sized exchange doing keeping $1B around?
Unless it's... not real...
Does anyone think it's a coincidence that #AEX, first exchange to close withdrawal, tweeted about a $1B bank run THE SAME DAY that #Tether burned EXACTLY $1B?
WTF is a mid sized exchange doing keeping $1B around?
Unless it's... not real...
https://twitter.com/Aexglobal/status/1537317597804318721
@molly0xFFF / @web3isgreat that AEX/Hoo thread lead me to this thing about Tether, which seems... important βοΈ
cc: @BennettTomlin @CasPiancey @ncweaver @coryklippsten @vhranger @peerchemist @patio11 @Tethertothe1 @PatrickEBoyle @AaronWise5147 @webtwoboomer @BinanceFraud
cc: @BennettTomlin @CasPiancey @ncweaver @coryklippsten @vhranger @peerchemist @patio11 @Tethertothe1 @PatrickEBoyle @AaronWise5147 @webtwoboomer @BinanceFraud
The period when #Tether was burning off huge $USDT amounts / day no one knew why. We thought redemptions. The biggest of all was the $1B. Which is AEX/Hoo.
Maybe: burns are #Tether taking back unbacked tethers. Maybe to mostly Chinese CEX. Maybe bc bonds failed
Huobi, KuCoin...
Maybe: burns are #Tether taking back unbacked tethers. Maybe to mostly Chinese CEX. Maybe bc bonds failed
Huobi, KuCoin...
Everyone looking at this thread should read @Bitfinexed's thread here because @Bitfinexed knows stuff...
https://twitter.com/Bitfinexed/status/1543276839950553088
it is interesting to see that while this 𧡠is occurring the fine folks over at AEX just now, out of nowhere, turned on some limited withdrawals of the REAL coins. 𧡠is worrying them.
daily withdrawal of:
0.11 BTC, 125 FIL, 0.45 ETH, 888 USDT, 5776 DOGE, 25 SOL, 2BSV
daily withdrawal of:
0.11 BTC, 125 FIL, 0.45 ETH, 888 USDT, 5776 DOGE, 25 SOL, 2BSV
π¨π¨π¨ Here's another probably-not-a-coincidence: finbld reported WaybackMachine on CMC says mkt has lost 25 exchanges in the last month.
How interesting that if you look at #Tether mkt cap chart it has...
....
...
wait for it
..
.
exactly 25 steps.
finbold.com/bear-market-wiβ¦
How interesting that if you look at #Tether mkt cap chart it has...
....
...
wait for it
..
.
exactly 25 steps.
finbold.com/bear-market-wiβ¦
@crasl7 counts 23 steps. too close to be an accident.
Q: are there other CEX like A EX out there, chinese, still trying to operate despite #Tether burning their $USDT?
coincidence that there are indicators out there about two larger exchanges...in china...
(KuCoin and Huobi)
Q: are there other CEX like A EX out there, chinese, still trying to operate despite #Tether burning their $USDT?
coincidence that there are indicators out there about two larger exchanges...in china...
(KuCoin and Huobi)
wherein @Bitfinexed goes full X-Files...
#darknessAtNoon...
#darknessAtNoon...
https://twitter.com/Bitfinexed/status/1544878619192860672
π π₯½ π
if we make a leap of faith here and assume that Chinese exchanges like Ku Coin need to cash in their $USDT somehow or risk having #tether burn it... but they can't just let tether burn it because they need the capital, then what's going on here?
if we make a leap of faith here and assume that Chinese exchanges like Ku Coin need to cash in their $USDT somehow or risk having #tether burn it... but they can't just let tether burn it because they need the capital, then what's going on here?
https://twitter.com/whale_alert/status/1543210785366855680
ignore kcoin.
1. $32B $USDT on TRON
2. What is TRON? @BennettTomlin𧡠says 1 of its "algostables" is broken. yet stableπ€. only 1 dir., to TRC20.
β tether docs π
3. USDT on TRON is special. no confimration msg π€
sounds like.. the $1B USDT at AEX?
1. $32B $USDT on TRON
2. What is TRON? @BennettTomlin𧡠says 1 of its "algostables" is broken. yet stableπ€. only 1 dir., to TRC20.
β tether docs π
3. USDT on TRON is special. no confimration msg π€
sounds like.. the $1B USDT at AEX?
https://twitter.com/BennettTomlin/status/1538625398153560067
1. TRON chain has $31B USDT (they say)
2. CP claim is $20B... but was $30B last year. so close to 31 (thx @intel_jakal)
3. USDT burned late sometimes.
4. USDT on TRON chain $32, same as ETH. too close.
4. Jan. 19th USDT on ETH/TRON also... too close
2. CP claim is $20B... but was $30B last year. so close to 31 (thx @intel_jakal)
3. USDT burned late sometimes.
4. USDT on TRON chain $32, same as ETH. too close.
4. Jan. 19th USDT on ETH/TRON also... too close
https://twitter.com/intel_jakal/status/1527352896110465024
π¨
theory:
1. USDT on ethereum are "real" blockchain $USDT. w/USD backing.
2. USDT on TRON are backed by CP.
3. The TRC20 protocol is broken so "CP CEX" cannot send. This is why AEX had a grant of $1B and still has exactly $1B. And why Tether can π₯
theory:
1. USDT on ethereum are "real" blockchain $USDT. w/USD backing.
2. USDT on TRON are backed by CP.
3. The TRC20 protocol is broken so "CP CEX" cannot send. This is why AEX had a grant of $1B and still has exactly $1B. And why Tether can π₯
https://twitter.com/Bitfinexed/status/1543276839950553088
π¨π¨π¨π¨
1. $USDT on TRON chain, March 4th 2019
2. $USDT market cap start to go up, price of $BTC go up.
3. Tron is for Chinese market
4. From there USD on TRON goes up
Guys... this is it.
tether.to/en/usdt-introdβ¦
1. $USDT on TRON chain, March 4th 2019
2. $USDT market cap start to go up, price of $BTC go up.
3. Tron is for Chinese market
4. From there USD on TRON goes up
Guys... this is it.
tether.to/en/usdt-introdβ¦
1. TRON chain by Justin Sun
2. Used by π¨π³ 'CP' CEX (@defipaca)
2. TRON DAO offers 28.3% APY. LOL. in $USDT.
3. Justin Sun bailed on the scam Dec. 2021. .
4. USDT falters
(5. He started a new scam, USDD)
ps big ups @crasl7 for talking me through this
theverge.com/c/22947663/jusβ¦
2. Used by π¨π³ 'CP' CEX (@defipaca)
2. TRON DAO offers 28.3% APY. LOL. in $USDT.
3. Justin Sun bailed on the scam Dec. 2021. .
4. USDT falters
(5. He started a new scam, USDD)
ps big ups @crasl7 for talking me through this
theverge.com/c/22947663/jusβ¦
βοΈ @molly0xFFF @web3isgreat @ncweaver @coryklippsten @zachxbt @Alex_Danco @FreddieRaynolds @WallStCynic
please see whole π§΅. i'm like 90% sure this is how the tether scam is working. there may be more to it or small details different but this is how the pieces fit together.
please see whole π§΅. i'm like 90% sure this is how the tether scam is working. there may be more to it or small details different but this is how the pieces fit together.
Ugh #4 should be
"4. From there USDT on TRON goes up"
"4. From there USDT on TRON goes up"
Folks i realize this is hard to understand. There will be a better write up soon.
Folks, here it is, an easier to read explanation of how #Tether and #JustinSun setup a scammy blockchain to inject $40B in fake $USD into the cryptocurrency economy. It's still not the best I could write - it's a first draft - but it'll do for now.
https://twitter.com/Cryptadamist/status/1544983698214469632
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