Hacker News new | ask | show | jobs
by mhluongo 2765 days ago
There's a narrative that Bitfinex/Tether drove up the price of crypto fraudulently, and that USDT is not 1:1 backed by fiat.

Not weighing in on it either way, but issues with Tether have been a sword of Damocles of the crypto market for a while. Bitfinex'd on Twitter[0] has all sorts of speculation if you want to get into it.

[0] - https://twitter.com/bitfinexed