The only good news out of this tether and bitfinex mess will be the perp walk the Feds put them on. Absolute criminals the bitfinex crew.
It's why I told all investors put old coins in cold storage and get out of anything you don't have 80% profit in since the blood bath that is coming soon will rock every exchange and every coin.
But bitfinex and tether will be shut down.
Here's an article how I sounded the exit horn over the weekend.
https://kryptous.com/the-prophet-warns-exit-all-crypto-exchanges-now/
This story will not go away and it's exactly what TPTB want to have the media crush crypto dreams for most.
So as the exchanges face all their novice investors without cold storage they can't meet the exits and poof, it all goes crashing down.
That's what we are on the cusp of.
So coins you have huge profits in, cash out while you can or cold storage it.
When the stampede hits exchanges over this bs, the exit doors all get locked and everyone inside goes up in flames.
RE: Why Tether’s latest statement about its auditor is complete BS