Bitfinex Disputes NY AG Allegations
Apr28

Bitfinex Disputes NY AG Allegations

Cryptocurrency exchange Bitfinex has responded to recent allegations by the New York Attorney General’s office in a statement on the company’s website. The statement asserted that the AG court filing was written in bad faith, and disputed accusations that the company has lost $850 million.

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NY AG: Bitfinex Used Tether Reserves to Hide $850 Million Loss
Apr26

NY AG: Bitfinex Used Tether Reserves to Hide $850 Million Loss

In a statement released on Thursday, New York Attorney General Letitia James accused the operators of the Bitfinex cryptocurrency exchange of using at least $700 million of tether reserves to hide $850 million of losses. The AG’s office announced that it has obtained a court order enjoining the Bitfinex operators from further violations of the law “that may have defrauded New York investors that trade in virtual or ‘crypto’ currency.”

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DOJ Investigating Whether Tether Used to Manipulate Bitcoin Prices in 2017
Nov24

DOJ Investigating Whether Tether Used to Manipulate Bitcoin Prices in 2017

Earlier this year, there were reports that the U.S. Department of Justice had launched a criminal probe into the cryptocurrency industry, focusing on spoofing, wash trading, and other illegal practices. This week, Bloomberg reported that the DOJ is now examining whether Tether trading played a role in illegally manipulating prices for the world’s most well-known digital currency:

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Tether Claims $1.8B Banking Relationship with Deltec Bank & Trust Ltd
Nov01

Tether Claims $1.8B Banking Relationship with Deltec Bank & Trust Ltd

Tether Ltd, the company responsible for issuing dollar-backed USDT tokens, confirmed on Thursday via the Tether blog that it had established a $1.8 Billion banking relationship with Bahamas-based Deltec Bank & Trust Ltd.

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