RATE Group | There could be some evidence suggesting Tether had been manipulating the Bitcoin price d…
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There could be some evidence suggesting Tether had been manipulating the Bitcoin price d…

22 Aug There could be some evidence suggesting Tether had been manipulating the Bitcoin price d…

Posted at 04:06h in Bitcoin News by

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Tether and Bittfinex are in a spot of bother with the New York Attorney General (NYAG) and if this latest evidence is confirmed it could get a whole lot worse – you decide! 

Starting with the back story, the NYAG have asked Tether and Bittfinex owner iFinex to hand over documents as they are looking into possible fraud in which they believe iFinex used Tether to hide potential losses at the Bittfinex exchange. Once again I must stress nothing has been confirmed here. iFinex have already explained the deposited money had been seized and moved to a few jurisdictions including the UK by the authorities. 

Now in a dramatic update Token Analyst has produced some evidence on twitter with their real-time analytics that could possibly prove that Tether has been manipulating the price of BTC. 

View image on Twitter

(Image fom Token Analyst)

 

This graph shows the amount of USDT volume coming into the market and it shows that there is clearly a correlation in price when Tether…

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