Beginning of the End of Tether?

28 sty 2018

Tether's value is only equal to the actual US dollars they have in the bank. Does anyone really believe they have US2.25B sitting in some bank? No auditor believes this as their latest "auditor" just denounced involvement.
Make sure to run your charts with USD and not USDT to get true value. Find a way to convert money on the sidelines to real fiat.

28 sty 2018

Uwaga

More details on Steem:
steemit.com/tether/@realstep/tether-failure-can-affect-all-cryptos

28 sty 2018

Uwaga

I wanted to capture a snapshot of current large holdings of tether. In a couple days we can look again and see who's balances have depleted to prop tether back up again.
Top USD₮ Balances
Last Updated:Jan 28 07:09 PM UTC
Address Balance Last Movement (UTC) Remark
1DUb2YYbQA1jjaNYzVXLZ7ZioEhLXtbUru 405,828,615 Jan 28 06:14 PM Bittrex
1FoWyxwPXuj4C6abqwhjDWdz6D4PZgYRjA 361,290,267 Jan 28 06:14 PM Binance
1HckjUpRGcrrRAtFaaCAUaGjsPx9oYmLaZ 353,139,311 Jan 28 06:14 PM Huobi
1Co1dhYDeF76DQyEyj4B5JdXF9J7TtfWWE 270,000,000 Dec 21 '17, 06:14 AM Poloniex
1KYiKJEfdJtap9QX2v9BXJMpz2SfU4pgZw 162,952,288 Jan 28 06:14 PM Bitfinex
12uhUkxpwkD2LGzKHUywoknoJ3fC9vev1x 82,862,390 Jan 26 09:03 AM Binance
1ApkXfxWgJ5CBHzrogVSKz23umMZ32wvNA 73,766,877 Jan 28 06:14 PM OKEx
1Po1oWkD2LmodfkBYiAktwh76vkF93LKnh 47,792,844 Jan 28 06:14 PM Poloniex
16tg2RJuEPtZooy18Wxn2me2RhUdC94N7r 30,950,000 Nov 27 '17, 06:02 PM Quarantined
12aGp6kiy6pmv2pVYfAHq8BuurK78iCMXn 24,552,163 Jan 28 06:14 PM
1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D 20,137,577 Jan 28 06:14 PM Huobi
1DGUWy6N6iHTpussbSP8XrK96tZgDboiWK 17,000,000 Jan 28 06:14 PM Liqui.io
3GyeFJmQynJWd8DeACm4cdEnZcckAtrfcN 16,759,068 Jan 28 06:14 PM Kraken
1ENVTkd9f5KUkvcKSutiJwdBVPgaPh6ihT 6,419,079 Jan 28 06:14 PM
19E4KNqomZhoQXGSa7pauCyFiPMrQcryUe 6,118,560 Jan 28 04:10 AM
17ScKNXo4cL8DyfWfcCWu1uJySQuJm7iKC 4,263,555 Jan 28 06:14 PM
1DcKsGnjpD38bfj6RMxz945YwohZUTVLby 4,254,417 Jan 28 06:14 PM Gate.io
1NixD7q2yJgTgVB2MwGMuJ8vmDhKH5t5bf 4,130,989 Jan 28 06:14 PM
13fE9SgzCg9ztipHDKKD7Hsf8BykVV87fp 3,519,591 Jan 28 05:18 AM
1GNDHyjxmwo63h7u3isyycjfM7EyhYT3HG 3,356,897 Jan 24 03:14 AM

28 sty 2018

Uwaga

And capture the current balance sheet:
USD₮
Total Assets $2,278,665,722.36
Liabilities (Tether in Circulation on Omni)
Total Authorized $2,250,000,000.00
Less: Authorized but not issued - $960,153.48
Less: Quarantined Tether - $30,950,010.00
Liabilities (Tether in Circulation on Eth)
Total Authorized $60,109,970.00
Less: Authorized but not issued - $108,983.00
Total Liabilities $2,278,090,823.52
Shareholder Equity $574,898.84

28 sty 2018

Uwaga

If I read this correctly, tether is "printing" money at the rate of 100M every couple days. omniexplorer.info/lookupadd.aspx?address=3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL
Grant Tokens
e4062783d935886392c29396d15aab470fff9732b0b8e80a... 1/23/2018 12:07:55 P
100000000
TetherUS (#31)

Grant Tokens
0fbf16c7b937a8a5601ade7897c69bc33f1836b9cb02b181... 1/20/2018 1:56:59 AM
100000000
TetherUS (#31)

Grant Tokens
4543c62de3c535087fe10d6798fc3f77bb9904637b287bc7... 1/19/2018 1:08:11 PM
100000000
TetherUS (#31)

Grant Tokens
0c83e7856c6b565341b85332b1f821a402a84aaf236b54ab... 1/18/2018 4:02:00 PM
100000000
TetherUS (#31)

Grant Tokens
b182888725cff4486d4080cf04736ab0d2250a78a02948cf... 1/17/2018 7:18:53 PM
100000000
TetherUS (#31)

Grant Tokens
3691adbbe8342f6fde7bc549fcb0991decbe3bd040d01d87... 1/16/2018 10:22:53 PM


100000000
TetherUS (#31)

Grant Tokens
c9fca1a9ce81e58505f07c2230170524d3f3fa5f185a05a4... 1/15/2018 1:02:39 PM


100000000
TetherUS (#31)

30 sty 2018

Uwaga

Volume tried to move price back to $1 but fell back down as soon as pumping stopped. omniexplorer.info/lookupadd.aspx?address=3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL is down so unable to see the "transparency". Proof of funds on website show holdings of 442M on Sep 15, 2017 which was the market cap at that time, but nothing new showing proof of the current 22B++ current market cap. All major exchanges are reducing their holdings of tether at wallet.tether.to/richlist
I remain skeptical.