Sentences with phrase «unbacked tethers»

There's a lot of controversy surrounding the Tether company, most notably the fact that the company responsible for minting new Tethers, whose owner is also the owner of the Bitfinex exchange, seems to be printing unbacked Tethers into existence and buying Bitcoin from themselves.

Not exact matches

Experts fear that Tether issue unbacked tokens and use them in fraudulent manipulations of the bitcoin price.