However I don't think it's obvious that this thing will implode, based on the information we have we can only speculate. Pointing to screenshots about being unable to withtdraw tethers is a red herring and has nothing to do with whether tether will implode.
1) Let users exchange USDT for USD no matter the denomination or status. If they can't do that, remove the thing that says "You always have 24/7 access to our balance" from the website marketing.
2) Release an official audit (that doesn't say "this is not an audit")
3) Explain the large amounts of Tethers being minted. If they are legitimate, who is pumping $100m into Tethers almost every 3 days? No need to be specific, but records would be nice.
4) Tell us who their banking partners are that are holding the USD.
5) Put their transparency page back up [0]. Bonus points if they actually keep the "Shareholder Equity" number negative in the interest of transparency, or explain why it might have gone negative.
[0] Compare: https://archive.is/6os3c https://wallet.tether.to/transparency
The fact that they haven't done any of these heavily imply to me that Bitfinex and Tethers are a sham operation.
This again, is related to their marketing and not actually to their solvency (red herring).
> Release an official audit (that doesn't say "this is not an audit")
Lack of proof !== proof of insolvency.
And for all the other ones:
They are not entitled to tell you everything. The fact that choose not to is in NO way proof that they are insolvent.
I 100% agree that based on your list one might choose not to trust them. Just don't go screaming "they've basically been running a Ponzi scheme" with the only proof being them not telling you what you want to know about their operations.
