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Please explain how bitfinex continues to get away with their fraud scams
| Amber disturbing brethren | 06/23/19 | | burgundy university knife | 06/23/19 | | Amber disturbing brethren | 06/23/19 | | burgundy university knife | 06/23/19 | | Amber disturbing brethren | 06/23/19 | | honey-headed passionate institution stain | 06/24/19 |
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Date: June 23rd, 2019 6:21 PM Author: Amber disturbing brethren
Bitfinex raised a billion dollars (much of it funds from criminals) for their IEO and then used the funds to buy bitcoin.
Also bitfinex is still printing hundreds of millions of dollars of tether and using the tethers to buy bitcoin.
A study released last year that each dollar used to buy couns pumps the market cap of such coin by $20-$40.
What confuses me is why this hasn’t all fallen apart yet ; there is a lawsuit against bitfinex but the enforcement otherwise is still lax, so people think they can get away with this I guess
(http://www.autoadmit.com/thread.php?thread_id=4288683&forum_id=7#38429253) |
Date: June 23rd, 2019 6:43 PM Author: burgundy university knife
Because "regulators" are in awe of their betters and for that reason, among others, are almost uniformly ineffective. See: https://en.wikipedia.org/wiki/Regulatory_capture
Hard to blame them given some of the phenoypes involved in finance, well Private Equity at least.
(http://www.autoadmit.com/thread.php?thread_id=4288683&forum_id=7#38429391) |
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