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is my understanding of TETHERS correct?

bitfinex creates tethers out of thin air, sells them for coi...
Pea-brained messiness meetinghouse
  01/17/18
BEEEEEEETCONNEEEEEEEEEEEEEECTT
Grizzly Flirting Dilemma
  01/17/18
they printed 100 million dollars worth of tethers today, 50 ...
Pea-brained messiness meetinghouse
  01/17/18
Tether poised to hit 2 dollars
Grizzly Flirting Dilemma
  01/17/18
...
Passionate milky abode idiot
  01/18/18
https://twitter.com/TetheralReserve/status/95348297682588876...
Pea-brained messiness meetinghouse
  01/17/18
...
Grizzly Flirting Dilemma
  01/17/18
https://twitter.com/TetheralReserve/status/95296249104214835...
Pea-brained messiness meetinghouse
  01/17/18


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Date: January 17th, 2018 7:23 PM
Author: Pea-brained messiness meetinghouse

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 tethers can't in practice be withdrawn, creators say it is auditable but refuse to allow an audit, and threaten to sue anyone who questions its legitimacy ?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

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: Pea-brained messiness meetinghouse

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: Grizzly Flirting Dilemma

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: Passionate milky abode idiot



(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: Pea-brained messiness meetinghouse

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: Grizzly Flirting Dilemma



(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: Pea-brained messiness meetinghouse

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

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