Oh goodness, the NY AG document about Bitfinex would defy belief except it's exactly what you expect.https://twitter.com/jmhredsox/status/1121538183336878080 …
-
Show this thread
-
Bitfinex uses hawala through friends-of-employees as a settlement layer, according to their lawyers speaking to the NY AG.pic.twitter.com/FHGtpJU9pa
6 replies 17 retweets 50 likesShow this thread -
Replying to @patio11
hold on what. So like, as a person if I'm a friend of one of their employee, they could wire me money so I wire that money to their clients? Am I understanding that wrong? Why would they need to do that?
1 reply 0 retweets 0 likes -
Replying to @Jauny
More likely they pay Friendly Fred in Tether or BTC, Fred uses Fed’s identity to get USD from an exchange, and Fred uses Fred’s bank account to wire to Bitfinex’s customer. Why do this? To keep Bitfinex off a funds flow diagram at a bank, because the bank won’t take their money.
1 reply 0 retweets 4 likes -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
