Hacker News Reader

I'm just not sure why Bloomberg would choose to omit the date until being pestered online. Doesn't this change things quite a bit? If there was a true smoking gun, they would be shut down then and there already instead of continuing to operate/grow, such as issuing more tethers in the past month.

View on HN

They don't operate in US jurisdiction or do business with any US corporations so they can run for a while ignoring the subpoenas and the wheels of justice grind slow but it will catch up with them.

Look up E-gold if you want to feel the experience of history repeating itself. For bonus points check the dates when E-Gold was shutdown and when bitcoin was created.

> if there was a true smoking gun, they would be shut down then

That's...an unwarranted conclusion.

If this were all done and resolved, then Bitfinex would have a strong incentive to say that clearly, specifically, and unequivocally. The fact that they aren't and CFTC isn't commenting strongly suggests that the process starting with the subpoena is ongoing.

Reply on news.ycombinator.com