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This should be much more visible. The market is panic selling on effectively old news.



It's not “old news” if it wasn't publicly known in the past (and if the market had known it already, no one would be panic selling based on it.)


I'm just not sure why Bloomberg would choose to omit the date until being pestered online. Doesn't this change things quite a bit? If there was a true smoking gun, they would be shut down then and there already instead of continuing to operate/grow, such as issuing more tethers in the past month.


They don't operate in US jurisdiction or do business with any US corporations so they can run for a while ignoring the subpoenas and the wheels of justice grind slow but it will catch up with them.

Look up E-gold if you want to feel the experience of history repeating itself. For bonus points check the dates when E-Gold was shutdown and when bitcoin was created.


> if there was a true smoking gun, they would be shut down then

That's...an unwarranted conclusion.

If this were all done and resolved, then Bitfinex would have a strong incentive to say that clearly, specifically, and unequivocally. The fact that they aren't and CFTC isn't commenting strongly suggests that the process starting with the subpoena is ongoing.


It's not old news if we didn't know about it until now.


Agreed. Thank you for saying so. edit: is there a way to bold text in an HN comment?


Unicode to the rescue! Here's how to make 𝗯𝗼𝗹𝗱 text:

http://qaz.wtf/u/convert.cgi

Looks a bit ugly, but works.


Thankfully, no there isn’t.


𝗡𝗼𝘁 𝘂𝘀𝗶𝗻𝗴 𝗺𝗮𝗿𝗸𝘂𝗽𝘀, 𝗮𝗻𝘆𝘄𝗮𝘆...




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