Warning on Bitcoin Transfer Company Tether.to

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SBR has received a report that BTC transfer company Tether.to has stiffed a bitcoin trader out of $113,500.

The trader made the transfer between Bitfinex and Tether. Bitfinex apparently made the transfer and Tether received the funds but refused to credit the trader's Tether account.

Shortly afterwards Tether reportedly stopped responding to all inquiries. The trader is in the process of contacting the attorney general in his state as well as filing lawsuits against Tether. However, if the company is heading towards closure these actions may come too late.

Traders should avoid Tether and attempt to draw down whatever balance is currently in their Tether account.  

 

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