As much as liquidation by hedge funds due to customers opting out is a factor, I think BitFinEx' USDT ponzy scheme was and is realer than peoples' FOMO.
As long as BitFinEx and its likes exist and rig prices up, the wiser thing to do is to abstain from giving them real USD, because apparently USDT is more fake than USD.
Those whom buy into cryptocurrencies not through BitFinEx still give their money's worth to BitFinEx, because the markets are all intricated.
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There is no guarantee that there is a ponzi going on there. Further, even if there was some shady business going on, they appear to have the funds now, which should remove one of the major systemic risks to the market.
https://steemit.com/cryptocurrency/@fortified/re-fortified-brock-pierce-or-is-billionaire-bitcoin-board-member-founder-of-tether-and-alleged-pedophile-a-covert-cia-asset-20180118t181617300z
I saw it today because someone resteemed a thread from 5 months ago.
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