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is my understanding of TETHERS correct?

bitfinex creates tethers out of thin air, sells them for coi...
Copper lascivious indian lodge coffee pot
  01/17/18
BEEEEEEETCONNEEEEEEEEEEEEEECTT
out-of-control house
  01/17/18
they printed 100 million dollars worth of tethers today, 50 ...
Copper lascivious indian lodge coffee pot
  01/17/18
Tether poised to hit 2 dollars
out-of-control house
  01/17/18
...
Bistre excitant degenerate
  01/18/18
https://twitter.com/TetheralReserve/status/95348297682588876...
Copper lascivious indian lodge coffee pot
  01/17/18
...
out-of-control house
  01/17/18
https://twitter.com/TetheralReserve/status/95296249104214835...
Copper lascivious indian lodge coffee pot
  01/17/18


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Date: January 17th, 2018 7:23 PM
Author: Copper lascivious indian lodge coffee pot

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 tethers can't in practice be withdrawn, creators say it is auditable but refuse to allow an audit, and threaten to sue anyone who questions its legitimacy ?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: out-of-control house

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: Copper lascivious indian lodge coffee pot

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: out-of-control house

Tether poised to hit 2 dollars

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



Reply Favorite

Date: January 18th, 2018 1:37 AM
Author: Bistre excitant degenerate



(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: Copper lascivious indian lodge coffee pot

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

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



Reply Favorite

Date: January 17th, 2018 7:38 PM
Author: out-of-control house



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



Reply Favorite

Date: January 17th, 2018 7:36 PM
Author: Copper lascivious indian lodge coffee pot

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

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