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is my understanding of TETHERS correct?

bitfinex creates tethers out of thin air, sells them for coi...
Umber church building immigrant
  01/17/18
BEEEEEEETCONNEEEEEEEEEEEEEECTT
nofapping goal in life
  01/17/18
they printed 100 million dollars worth of tethers today, 50 ...
Umber church building immigrant
  01/17/18
Tether poised to hit 2 dollars
nofapping goal in life
  01/17/18
...
embarrassed to the bone mediation
  01/18/18
https://twitter.com/TetheralReserve/status/95348297682588876...
Umber church building immigrant
  01/17/18
...
nofapping goal in life
  01/17/18
https://twitter.com/TetheralReserve/status/95296249104214835...
Umber church building immigrant
  01/17/18


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Date: January 17th, 2018 7:23 PM
Author: Umber church building immigrant

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 tethers can't in practice be withdrawn, creators say it is auditable but refuse to allow an audit, and threaten to sue anyone who questions its legitimacy ?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: nofapping goal in life

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: Umber church building immigrant

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: nofapping goal in life

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: embarrassed to the bone mediation



(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: Umber church building immigrant

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: nofapping goal in life



(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: Umber church building immigrant

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

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