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is my understanding of TETHERS correct?

bitfinex creates tethers out of thin air, sells them for coi...
Sepia community account state
  01/17/18
BEEEEEEETCONNEEEEEEEEEEEEEECTT
Marvelous business firm
  01/17/18
they printed 100 million dollars worth of tethers today, 50 ...
Sepia community account state
  01/17/18
Tether poised to hit 2 dollars
Marvelous business firm
  01/17/18
...
onyx judgmental new version
  01/18/18
https://twitter.com/TetheralReserve/status/95348297682588876...
Sepia community account state
  01/17/18
...
Marvelous business firm
  01/17/18
https://twitter.com/TetheralReserve/status/95296249104214835...
Sepia community account state
  01/17/18


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Date: January 17th, 2018 7:23 PM
Author: Sepia community account state

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 tethers can't in practice be withdrawn, creators say it is auditable but refuse to allow an audit, and threaten to sue anyone who questions its legitimacy ?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

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: Sepia community account state

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: Marvelous business firm

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: onyx judgmental new version



(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: Sepia community account state

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: Marvelous business firm



(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: Sepia community account state

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

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