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is my understanding of TETHERS correct?

bitfinex creates tethers out of thin air, sells them for coi...
drunken legend mental disorder
  01/17/18
BEEEEEEETCONNEEEEEEEEEEEEEECTT
Bearded business firm toilet seat
  01/17/18
they printed 100 million dollars worth of tethers today, 50 ...
drunken legend mental disorder
  01/17/18
Tether poised to hit 2 dollars
Bearded business firm toilet seat
  01/17/18
...
laughsome chapel
  01/18/18
https://twitter.com/TetheralReserve/status/95348297682588876...
drunken legend mental disorder
  01/17/18
...
Bearded business firm toilet seat
  01/17/18
https://twitter.com/TetheralReserve/status/95296249104214835...
drunken legend mental disorder
  01/17/18


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Date: January 17th, 2018 7:23 PM
Author: drunken legend mental disorder

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 tethers can't in practice be withdrawn, creators say it is auditable but refuse to allow an audit, and threaten to sue anyone who questions its legitimacy ?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

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: drunken legend mental disorder

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: Bearded business firm toilet seat

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: laughsome chapel



(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: drunken legend mental disorder

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: Bearded business firm toilet seat



(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: drunken legend mental disorder

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

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