5min chapter

Crypto Critics' Corner cover image

Tether: A Stable Discussion

Crypto Critics' Corner

CHAPTER

Bitfinex Hack - What Did Biffanex Do to Not Go Belly Up?

Biffanex is founded by a panse scheming in financial terms, ethically gray individual. They then sell to a former criminal whose fascinated by bioin and when it comes to tether. After the biphanex hack they lose roughly 36 % of everyone's account. What did bitfinex do to not go belly up after they lost all of this money? They figured out a way to make their harshest critics some of their biggest supporters. The only way to get an r t token was to convert your befex tokens to equity.

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