Tether/Bitfinex’ explanation for this is banking troubles; their most recent bank found their most recent shell corporation and terminated the relationship. This has happened 4 times. Each time it happens, their depositors play roulette.
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(This is the very literal and correct answer, not the usual cryptocurrency conspiracy mongering. It’s very literally a “They signed a piece of paper agreeing to forfeit to US 50% of money and waive legal redress as condition of having US wire back the other 50%.” situation)
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Oh so it’s like a no-fault admitted settlement?
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Essentially; lawyers might have slightly more precise take.
End of conversation
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