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is my understanding of TETHERS correct?

bitfinex creates tethers out of thin air, sells them for coi...
galvanic drab address
  01/17/18
BEEEEEEETCONNEEEEEEEEEEEEEECTT
chocolate arousing sweet tailpipe
  01/17/18
they printed 100 million dollars worth of tethers today, 50 ...
galvanic drab address
  01/17/18
Tether poised to hit 2 dollars
chocolate arousing sweet tailpipe
  01/17/18
...
Flickering piazza genital piercing
  01/18/18
https://twitter.com/TetheralReserve/status/95348297682588876...
galvanic drab address
  01/17/18
...
chocolate arousing sweet tailpipe
  01/17/18
https://twitter.com/TetheralReserve/status/95296249104214835...
galvanic drab address
  01/17/18


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Date: January 17th, 2018 7:23 PM
Author: galvanic drab address

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 tethers can't in practice be withdrawn, creators say it is auditable but refuse to allow an audit, and threaten to sue anyone who questions its legitimacy ?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

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: galvanic drab address

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: chocolate arousing sweet tailpipe

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: Flickering piazza genital piercing



(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: galvanic drab address

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: chocolate arousing sweet tailpipe



(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: galvanic drab address

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

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