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is my understanding of TETHERS correct?

bitfinex creates tethers out of thin air, sells them for coi...
Sexy Fragrant Institution Sound Barrier
  01/17/18
BEEEEEEETCONNEEEEEEEEEEEEEECTT
Cruel-hearted Immigrant Ceo
  01/17/18
they printed 100 million dollars worth of tethers today, 50 ...
Sexy Fragrant Institution Sound Barrier
  01/17/18
Tether poised to hit 2 dollars
Cruel-hearted Immigrant Ceo
  01/17/18
...
Plum jap windowlicker
  01/18/18
https://twitter.com/TetheralReserve/status/95348297682588876...
Sexy Fragrant Institution Sound Barrier
  01/17/18
...
Cruel-hearted Immigrant Ceo
  01/17/18
https://twitter.com/TetheralReserve/status/95296249104214835...
Sexy Fragrant Institution Sound Barrier
  01/17/18


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Date: January 17th, 2018 7:23 PM
Author: Sexy Fragrant Institution Sound Barrier

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 tethers can't in practice be withdrawn, creators say it is auditable but refuse to allow an audit, and threaten to sue anyone who questions its legitimacy ?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: Cruel-hearted Immigrant Ceo

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: Sexy Fragrant Institution Sound Barrier

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: Cruel-hearted Immigrant Ceo

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: Plum jap windowlicker



(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: Sexy Fragrant Institution Sound Barrier

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: Cruel-hearted Immigrant Ceo



(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: Sexy Fragrant Institution Sound Barrier

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

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