2min chapter

Crypto Critics' Corner cover image

Revisiting Enron with David Z. Morris

Crypto Critics' Corner

CHAPTER

Tether and Bitfinex - What's the Parallel?

The collateralizing with the stock and like that being treated as making the deal okay reminded me of the revolving credit agreement that was negotiated between Bitfinex and Tether in March of 2019. It's a exact parallel. Yes. And it's the same way like with Paulo being one of the directors of Dell chain, obviously being an offshoot of Dell tech, and then also still being CTO at BitfineX and Tether. That just strikes in my head as remarkably similar to the N-run executives. Right. You know, I went through the Truco thing where you have N-run setting its own price for assets that it's buying back from an outside quote unquote

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