Some people must be feeling a little bit silly right about now. Bitfinex 'opened' back up their banking yet, the premium remains. Weird.pic.twitter.com/1trL67YHPW
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And if they did engage in open market operations with CUSTOMER FUNDS, that would be fraud.
In fact if this is what they're doing, that explains why the market is on Kraken instead of Bitfinex
That's not customer funds. USDT below peg, they're removing liabilities by paying out USD. Issuing new USDT when above peg increases their cash reserve via USD temp in custody of Kraken. None of that is inherently playing with customer funds.
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