Implications of the 2019 Bitfinex Tether scandal on crypto prices

A member of a Discord I’m on, BrizzyVol, linked a tweet by Jacob Kinge which referenced a NY Supreme Court document on the Bitfinex Tether fraud where the Bitfinex made a statement confirming the link between BTC and Tether. The 4/25/2019 SC document shows possibly corrupted areas that could undermine trust in the crypto system; someone thinks that Bitfinex has more Tether than the money they have, i.e. they have 75%(?) of the money they represent in Tether. Glitches in Tether affected BTC’s price, so this has big implications if true across the crypto market.