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is my understanding of TETHERS correct?

bitfinex creates tethers out of thin air, sells them for coi...
vivacious rigpig volcanic crater
  01/17/18
BEEEEEEETCONNEEEEEEEEEEEEEECTT
charismatic school generalized bond
  01/17/18
they printed 100 million dollars worth of tethers today, 50 ...
vivacious rigpig volcanic crater
  01/17/18
Tether poised to hit 2 dollars
charismatic school generalized bond
  01/17/18
...
Mint odious selfie knife
  01/18/18
https://twitter.com/TetheralReserve/status/95348297682588876...
vivacious rigpig volcanic crater
  01/17/18
...
charismatic school generalized bond
  01/17/18
https://twitter.com/TetheralReserve/status/95296249104214835...
vivacious rigpig volcanic crater
  01/17/18


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Date: January 17th, 2018 7:23 PM
Author: vivacious rigpig volcanic crater

bitfinex creates tethers out of thin air, sells them for coins on their own exchange, which ends up pumping other exchanges. tethers can't in practice be withdrawn, creators say it is auditable but refuse to allow an audit, and threaten to sue anyone who questions its legitimacy ?

if this is true, under what circumstances would this fraud be exposed?

(http://www.autoadmit.com/thread.php?thread_id=3863133&forum_id=7#35179098)



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Date: January 17th, 2018 7:25 PM
Author: charismatic school generalized bond

BEEEEEEETCONNEEEEEEEEEEEEEECTT

(http://www.autoadmit.com/thread.php?thread_id=3863133&forum_id=7#35179109)



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Date: January 17th, 2018 7:25 PM
Author: vivacious rigpig volcanic crater

they printed 100 million dollars worth of tethers today, 50 mil yesterday, and a lot immediately before that trying to keep this fraud pumping

(http://www.autoadmit.com/thread.php?thread_id=3863133&forum_id=7#35179121)



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Date: January 17th, 2018 7:29 PM
Author: charismatic school generalized bond

Tether poised to hit 2 dollars

(http://www.autoadmit.com/thread.php?thread_id=3863133&forum_id=7#35179152)



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Date: January 18th, 2018 1:37 AM
Author: Mint odious selfie knife



(http://www.autoadmit.com/thread.php?thread_id=3863133&forum_id=7#35181403)



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Date: January 17th, 2018 7:35 PM
Author: vivacious rigpig volcanic crater

https://twitter.com/TetheralReserve/status/953482976825888769

(http://www.autoadmit.com/thread.php?thread_id=3863133&forum_id=7#35179186)



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Date: January 17th, 2018 7:38 PM
Author: charismatic school generalized bond



(http://www.autoadmit.com/thread.php?thread_id=3863133&forum_id=7#35179197)



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Date: January 17th, 2018 7:36 PM
Author: vivacious rigpig volcanic crater

https://twitter.com/TetheralReserve/status/952962491042148352

(http://www.autoadmit.com/thread.php?thread_id=3863133&forum_id=7#35179189)