Here’s the statistic riding a jet ski through the cryptocurrency community’s living room today: one-third of all Tether in existence was created after the company was subpoenaed. If you’re just joining us, Tether is the cryptocurrency created by the founders of Bitfinex, a crypto exchange that bears the distinction of being not only shady as hell, but home to more trading activity than any other exchange. It came out this week that Bitfinex was subpoenaed on December 6th by the Commodity Futures Trading Commission, and charts reveal a major uptick in market capitalization immediately after the companies were called to court. There’s a steady positive trend beginning in November,…
Fake Tethers under fake bitcoins. It's an illustration of what may be happening (Photo via Shutterstock).