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is my understanding of TETHERS correct?

bitfinex creates tethers out of thin air, sells them for coi...
zippy faggotry degenerate
  01/17/18
BEEEEEEETCONNEEEEEEEEEEEEEECTT
rose cheese-eating base hominid
  01/17/18
they printed 100 million dollars worth of tethers today, 50 ...
zippy faggotry degenerate
  01/17/18
Tether poised to hit 2 dollars
rose cheese-eating base hominid
  01/17/18
...
very tactful theater stage boistinker
  01/18/18
https://twitter.com/TetheralReserve/status/95348297682588876...
zippy faggotry degenerate
  01/17/18
...
rose cheese-eating base hominid
  01/17/18
https://twitter.com/TetheralReserve/status/95296249104214835...
zippy faggotry degenerate
  01/17/18


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Date: January 17th, 2018 7:23 PM
Author: zippy faggotry degenerate

bitfinex creates tethers out of thin air, sells them for coins on their own exchange, which ends up pumping other exchanges. tethers can't in practice be withdrawn, creators say it is auditable but refuse to allow an audit, and threaten to sue anyone who questions its legitimacy ?

if this is true, under what circumstances would this fraud be exposed?

(http://www.autoadmit.com/thread.php?thread_id=3863133&forum_id=7#35179098)



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Date: January 17th, 2018 7:25 PM
Author: rose cheese-eating base hominid

BEEEEEEETCONNEEEEEEEEEEEEEECTT

(http://www.autoadmit.com/thread.php?thread_id=3863133&forum_id=7#35179109)



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Date: January 17th, 2018 7:25 PM
Author: zippy faggotry degenerate

they printed 100 million dollars worth of tethers today, 50 mil yesterday, and a lot immediately before that trying to keep this fraud pumping

(http://www.autoadmit.com/thread.php?thread_id=3863133&forum_id=7#35179121)



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Date: January 17th, 2018 7:29 PM
Author: rose cheese-eating base hominid

Tether poised to hit 2 dollars

(http://www.autoadmit.com/thread.php?thread_id=3863133&forum_id=7#35179152)



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Date: January 18th, 2018 1:37 AM
Author: very tactful theater stage boistinker



(http://www.autoadmit.com/thread.php?thread_id=3863133&forum_id=7#35181403)



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Date: January 17th, 2018 7:35 PM
Author: zippy faggotry degenerate

https://twitter.com/TetheralReserve/status/953482976825888769

(http://www.autoadmit.com/thread.php?thread_id=3863133&forum_id=7#35179186)



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Date: January 17th, 2018 7:38 PM
Author: rose cheese-eating base hominid



(http://www.autoadmit.com/thread.php?thread_id=3863133&forum_id=7#35179197)



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Date: January 17th, 2018 7:36 PM
Author: zippy faggotry degenerate

https://twitter.com/TetheralReserve/status/952962491042148352

(http://www.autoadmit.com/thread.php?thread_id=3863133&forum_id=7#35179189)