create account

Warning - Tether is owned by Bitfinex and Withdraws are Halted by discombobulated

View this thread on: hive.blogpeakd.comecency.com
· @discombobulated ·
$0.55
Warning - Tether is owned by Bitfinex and Withdraws are Halted
https://i.imgsafe.org/a1783d39fa.png

After Bitfinex's move to share the BTC losses among all exchange customers (including those who did not hold BTC), the halting of withdraws on Tether is causing worries among their userbase.  And according to [Reeve Collins LinkedIn](https://www.linkedin.com/in/reevecollins), "Tether was acquired by Bitfinex the world's largest bitcoin exchange" not too long after its release.

Tether is advertised as a currency that has a 1-1 peg to the USD.  With [$7.5 million at stake](https://wallet.tether.to/transparency) we await to hear more information about the funds and when they will be available again for withdrawal.  Since the USDT market was affected by the BTC hack, many users ponder if Tether will be next.

https://i.imgsafe.org/a178481a93.png

For now it is recommended to **not** deposit any funds until this situation is resolved.
👍  , , , , , , , , , , , , ,
properties (23)
authordiscombobulated
permlinkwarning-tether-is-owned-by-bitfinex-and-withdraws-are-halted
categorytether
json_metadata{"tags":["tether","bitfinex","hack","news","technology"],"image":["https://i.imgsafe.org/a1783d39fa.png"]}
created2016-08-09 17:55:09
last_update2016-08-09 17:55:09
depth0
children2
last_payout2016-09-09 06:34:48
cashout_time1969-12-31 23:59:59
total_payout_value0.434 HBD
curator_payout_value0.119 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length880
author_reputation13,090,894,039,053
root_title"Warning - Tether is owned by Bitfinex and Withdraws are Halted"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id707,757
net_rshares722,300,065,192
author_curate_reward""
vote details (14)
@ionlysaymeep ·
meep
properties (22)
authorionlysaymeep
permlinkre-discombobulated-warning-tether-is-owned-by-bitfinex-and-withdraws-are-halted-20160809t193854049z
categorytether
json_metadata{"tags":["tether"]}
created2016-08-09 19:38:54
last_update2016-08-09 19:38:54
depth1
children0
last_payout2016-09-09 06:34:48
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length4
author_reputation754,962,855,156
root_title"Warning - Tether is owned by Bitfinex and Withdraws are Halted"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id709,739
net_rshares0
@vishal1 ·
What? :(
properties (22)
authorvishal1
permlinkre-discombobulated-warning-tether-is-owned-by-bitfinex-and-withdraws-are-halted-20160809t175823391z
categorytether
json_metadata{"tags":["tether"]}
created2016-08-09 17:58:21
last_update2016-08-09 17:58:21
depth1
children0
last_payout2016-09-09 06:34:48
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length8
author_reputation-291,550,544,386
root_title"Warning - Tether is owned by Bitfinex and Withdraws are Halted"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id707,801
net_rshares0