Tether and Bitfinex are the same entity...

A recently leaked shareholder report from Tether confirms what everyone already knew and what I've been talking about for the last few days. Tether and Bitfinex are the same (corrupt) company, run by the same (corrupt) people. They are pumping the Bitcoin market by printing money at an obscene rate, then using the money they print to purchase Bitcoin on the exchanges.

See the relevant section of the leaked shareholder report, originally found here:

They even verify their "relationship" with Bitfinex:

The process is dangerously simple...

Print Tether.

Send Tether to Bitfinex.

Place large buy orders for Bitcoin, prop up market, set up buy walls to keep market propped.

Wait accordingly.

Cancel buy walls.

Sell Bitcoin for USD at higher prices.

Tether now backed by new USD that was acquired.

Crash price.

Rinse and repeat.

See the chart to see how it all works right here.

This post is a continuation of my previous posts about the risks presented to the cryptocurrency ecosystem by Tether and Bitfinex. You can read them here:

Widespread Cryptocurrency Price Crash Imminent Due To Bitfinex and Tether

Do you have money on Bitfinex? You might want to read this.

Tether Prints $325,048,400.00 USD in the Month of November

How Tether is Pumping Up and Propping the Bitcoin Market in One Simple Chart

These images were sourced from @bitfinexed on Twitter, one of the top critics of Bitfinex and Tether's business activities. Please feel free to share it or re-steem this post to warn others.

Get your money off of Bitfinex ASAP! If you don't own your private keys, you don't own your Bitcoin.