Published: May 4, 2017
"More troubling still is that Bitfinex has so far refused to provide an audit of the fiat funds that allegedly backstop the tether float, despite promising that it would be "fully transparent and audited to demonstrate 100% reserves at all times" when it first launched the token.
This has lead some to speculate that the exchange could be commingling tether funds with other customer assets." Quote from Blacklisted News:
http://www.blacklistednews.com/Is_The_World%27s_Largest_Bitcoin_Exc...
"Destroying the New World Order"
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