🚨EXCHANGE COORDINATION ROOM IS REAL. 🚨

1. Messages are set to expire after 4 weeks.
2. CZ demands a pause of trading & withdrawals except for... TRON shitcoins?
3. Former Bitfinex employee Zane Tackett, who wanted to bet against Tether with him, is in the room.
CZ asks to remove SBF from the room so that the exchanges can coordinate to "stabilize and restore confidence in the market", huh, weird, I thought the exchange coordination was just to deal with thefts?
CZ was worried about a measly $250,000 swap with Tether, note how he says it "causes small issues and more work for market makers"?

What does that mean? Market makers buy Tether at a discount and then redeem it, right? Free money?

Or does he mean the wash trading bots?

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More from @Bitfinexed

Dec 13
Tether's Chief Technicality Officer, Paolo Ardoino, sporting a Joker Avatar, is on a cocaine bender literally contradicting the New York Attorney General/CFTC Investigation into Tether.

Tether literally can't stop lying.

Bitfinex & Tether commingled funds just like FTX/SBF did. ImageImage
Bitfinex/Tether essentially used tethers so-called reserves to cover up an $850 million dollar loss for bank fraud and money laundering, and then Bitfinex/Tether needed a crypto-bailout. The same bailout that SBF/FTX was hoping for. Image
Tether's PR strategy is getting increasingly bizarre, likely because they feel that the noose is getting tighter, being as the SDNY just took over Tethers investigation.
bloomberg.com/news/articles/…
Read 6 tweets
Dec 11
If crypto exchanges wanted to do a real proof of reserves, they'd be telling everyone to withdraw their crypto at the same time.

If I ran a crypto exchange, there's a tremendous amount of liability of holding your customers crypto.

wsj.com/articles/binan…
I'd want to have as few of my customers crypto as possible, because guess who gets sued if something goes wrong? I do!

With the magic of the blockchain, the crypto exchanges don't even need to store customers crypto.
The only bitcoins that should be on the exchange, are the ones on the orderbooks, the tokens that are for sale.

When you buy them, the exchange batches up all of the daily purchases/sells and then settles the crypto tokens to your off custody address.
Read 5 tweets
Dec 10
Remember when Bitfinex'ed told you that exchanges coordinate everything?

You're just finding this out now on WSJ.

"In a Signal group chat called “Exchange coordination"

wsj.com/articles/rival…
Read 9 tweets
Dec 9
Bitfinex'ed always knows.

Tethers largest customer, Sam Bankman-Fried, paid off The Block. All Tether criticism from The Block stops and they get access to the Tether fraudsters and Sam Bankman-Fried.

The Block was great until they got paid off.

axios.com/2022/12/09/ban… ImageImageImageImage
Larry lied. He was paid off after all. Look how good his nuanced information was on FTX. Absolute dog shit.

Time to stop listening to these people. They're paid shills, not reporters, not researchers. Just scammers. You're all a disgrace and the dishonest money will destroy you. ImageImageImage
Here's what a so-called reporter says before they're paid off by the Tether bros, and after they're paid off by the Tether Bros.

Before paid off: Bitfinex pathologically lie about anything they can get away with.

After being paid off: "THEY DON'T UNDERSTAND THE NUANCE". ImageImage
Read 4 tweets

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