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is my understanding of TETHERS correct?

bitfinex creates tethers out of thin air, sells them for coi...
Titillating Meetinghouse Wagecucks
  01/17/18
BEEEEEEETCONNEEEEEEEEEEEEEECTT
floppy cordovan corner
  01/17/18
they printed 100 million dollars worth of tethers today, 50 ...
Titillating Meetinghouse Wagecucks
  01/17/18
Tether poised to hit 2 dollars
floppy cordovan corner
  01/17/18
...
bull headed business firm
  01/18/18
https://twitter.com/TetheralReserve/status/95348297682588876...
Titillating Meetinghouse Wagecucks
  01/17/18
...
floppy cordovan corner
  01/17/18
https://twitter.com/TetheralReserve/status/95296249104214835...
Titillating Meetinghouse Wagecucks
  01/17/18


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Date: January 17th, 2018 7:23 PM
Author: Titillating Meetinghouse Wagecucks

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 tethers can't in practice be withdrawn, creators say it is auditable but refuse to allow an audit, and threaten to sue anyone who questions its legitimacy ?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

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: Titillating Meetinghouse Wagecucks

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: floppy cordovan corner

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: bull headed business firm



(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: Titillating Meetinghouse Wagecucks

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: floppy cordovan corner



(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: Titillating Meetinghouse Wagecucks

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

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