Bitfinex looks like it's been defrauding people in this tether Ponzi scheme. It's by far the largest exchange with double the daily volume of the next biggest.
If it's dead, my guess is that bitcoin goes down below $1000.
Their comment that they dissolved their relationship with their auditor because the auditor was too picky.... Fuuuuuuuuck.
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Doesn't mean one can't make money, but don't cry if the thing collapses and you're bought in.
All those crypto investors were putting in real USD because they thought Bitcoin was going up, but the bitcoin market cap was an illusion based on fake tethers, the reality is that the money they thought was there in their coins was never there. The gains were an illusion.
If that's not technically a Ponzi it's very fucking close.