[bogomipz]

The post states:

>"It is well-understood in the cryptocurrency community that Tether’s reserves are a polite fiction. If pushed on this, clueful members of the community, such as their co-conspirators, will (quietly) admit that Tether depends on a de facto guarantee of support from members of its consolidated group, such as Bitfinex, which can inject more equity at will.?

Can someone say what is meant but "its consolidated group"? Is this a loose alliance or something more formal?

[patio11]

While they were extremely cagey about it prior to suing Wells Fargo and then needing to come clean in court, they share ownership, executives, employees, IT/marketing/etc functions, etc. Bitfinex is Tether and Tether is Bitfinex.