
In the wake of the just breaking news that Bitfinex and Tether are being investigated in connection with a missing $850 million, which was apparently covered up using money backing the Tether stablecoin, now the market has taken a notable downturn and twitter has come out to voice its opinions.
First off, the market bled away about $10 billion in mere minutes after the news broke. Bitcoin was able to hold support above $5,000, for now, and has rebounded back above $5,100.
Chart provided by Tradingview
Beyond Bitcoin, most of the market is now deeply in the red, with only a handful of coins showing green still.
As for twitter, many spoke up concerning this upsetting turn of events. Some had thoughtful observations:
Others just wanted to let it be known they were paying attention:
It's far too early to see how all of this will shake out, but for now there is a lot of talk on twitter and a lot of volatility in the market. Stick here with Chepicap for all updates on this developing story!