But from this, it looks like Bitfinex was completely amateur hour, and that—but for Tether being raided to cover the results of that—Tether might not have been a scam at all.
Two corporate officers signed the credit line contract on behalf of Bitfinex.
Two corporate officers signed the credit line contract on behalf of Tether.
They were the same two people.
But Bitfinex screwed up, I guess partly due to panicking because they couldn't get a proper bank connection.
It also seems that the money is lost, just not accessible, at least at the moment.
Not accesible, that’s a good one.