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is my understanding of TETHERS correct?

bitfinex creates tethers out of thin air, sells them for coi...
iridescent motley pervert menage
  01/17/18
BEEEEEEETCONNEEEEEEEEEEEEEECTT
Plum Ape Volcanic Crater
  01/17/18
they printed 100 million dollars worth of tethers today, 50 ...
iridescent motley pervert menage
  01/17/18
Tether poised to hit 2 dollars
Plum Ape Volcanic Crater
  01/17/18
...
well-lubricated hospital round eye
  01/18/18
https://twitter.com/TetheralReserve/status/95348297682588876...
iridescent motley pervert menage
  01/17/18
...
Plum Ape Volcanic Crater
  01/17/18
https://twitter.com/TetheralReserve/status/95296249104214835...
iridescent motley pervert menage
  01/17/18


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Date: January 17th, 2018 7:23 PM
Author: iridescent motley pervert menage

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 tethers can't in practice be withdrawn, creators say it is auditable but refuse to allow an audit, and threaten to sue anyone who questions its legitimacy ?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: Plum Ape Volcanic Crater

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: iridescent motley pervert menage

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: Plum Ape Volcanic Crater

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: well-lubricated hospital round eye



(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: iridescent motley pervert menage

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: Plum Ape Volcanic Crater



(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: iridescent motley pervert menage

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

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