r/Tether

Blacklist & Destroy
The following is for Tether tokens on the Ethereum blockchain only.
The Omni/Bitcoin blockchain Tether tokens function differently, though similarly as well as they can freeze addresses.
Looking through their smart contract source on lines 264 through 299 are the blacklist and destroy functions.
I have excerpted these lines in this pastebin.

Summary
Tether is able to unilaterally blacklist any Ethereum address.
Doing so labels the user as evilUser and all their Tether tokens are designated as dirtyFunds.

https://www.coindesk.com/tether-confirms-relationship-auditor-dissolved/ The USDT/USD price on Kraken is currently $0.978 (2.2% discount!), and it is certainly not done falling. The BTC/USD (REALLY USDT) price on Bitfinex is $400 higher than on GDAX, with a staggering $350 premium on Binance for BTC/USDT. It's barely chugging along on GDAX. This is only going to get much, much worse very quickly. IF you can get your cryptos out of exchanges with USDT and into GEMINI OR GDAX and sell for real USD, do so ASAP. I do not know if anyone is propping up the price of Tether on Kraken, but if they are, they can only keep it up for so long. I cashed out to GDAX, got the hell out of Binance.

Hats off to Bitfinex'ed--s/he had this fraud figured out months before anyone else was looking. And how in the world did s/he think to check the Paradise Papers to see that Bitfinex and Tether are owned by the same people? What a champ.

The more and more I research Tether I am blown away everyone just tries to ignore the issue. If you post anything other then positive news on any other subreddit you get downvoted right away. . . It is like everyone sees $$$ and don't want to know the truth.

I want to get back into the cryptomarket, I really do. I been around for awhile in this space and I pulled everything out until this Tether mess is over with. A bloodbath is coming and no one even cares! It makes me so frustrated. Tether is going to destroy a good thing we have going here.

How are you guys dealing with this? How can we spread the truth without sounding like a crazy homeless guy on the corner of the street yelling

I refuse to invest in this toxic market, even though I loved my coins dearly and have made decent money already.

Has this tether news physically sidelined anyone else? I miss my portfolio.. but this tether shit just can’t possibly end well... right?

"Bitcoin Tumbles Towards $10k After Bitfinex, Tether Subpoena'd"

https://www.zerohedge.com/news/2018-01-30/cryptos-are-getting-crushed-again