Is BTC Being Manipulated? Tether Accused of Minting Millions of Dollars in Unbacked USDT to Artificially Pump BTC

Tether is in the spotlight of the community, after being
accused – once again – of using its influence to manipulate BTC prices through
the fraudulent issuance of millions of dollars in USDT last week.

A recent set of tweets by the popular CT account Bitfinex’ed accuse Tether of issuing millions of USDT without any collateral, with the intention to support “fictitious” purchases of the token to drive up its prices.

According to the account dedicated to monitoring the financial movements of Bitfinex, and especially Tether, the company began an uncontrolled printing scheme of new tokens on April 8, 2019. On this day, the total supply of USDT increased by 417 Million.

Read Full Story : Ethereum World News

2019-04-15 17:07:47

Jose Antonio Lanz

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Written by Ethereumworldnews

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