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BitConnect Closes Exchange as States Warn of Unregulated Sales

(www.bloomberg.com)
389 points JumpCrisscross | 1 comments | 17 Jan 18 01:04 UTC | HN request time: 0.432s | source
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sitepodmatt ◴[17 Jan 18 01:53 UTC] No.16164805[source]▶
One scam down at least, next the Tether printer and BitFinex boys. Clean up in aisle HKG please.
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BayesStreet ◴[17 Jan 18 02:23 UTC] No.16164948[source]▶
I'm aware that tether's reserves are a little doubtful, but could you elaborate on why Bitfinex is sketchy?
replies(3): >>16164968 #>>16165035 #>>16165057 #
1. yla92 ◴[17 Jan 18 02:27 UTC] No.16164968[source]▶
I believe the main concern is whether 1 tether is actually backed by 1 USD. There is a series of articles[0] about why tether and Bitfinex are scary

[0]: https://medium.com/@bitfinexed