What Is Happening With Tether And Bitfinex

Last Updated on July 6, 2023 by Paganoto

CFTC Orders Tether and Bitfinex to Pay Fines Totaling $42.5 …

The order requires Tether to pay a civil monetary penalty of $41 million and to cease and desist from any further violations of the Commodity Exchange Act (CEA) and CFTC regulations, as charged. The order requires Bitfinex to pay a $1.5 million civil monetary penalty.Oct 15, 2021

The Tether controversy, explained – The Verge

The settlement agreement, by the way, bars Tether from doing business with anyone in New York. Bitfinex and Tether did not admit wrongdoing but …

Tether, Bitfinex reach settlement with New York attorney general

Tether and Bitfinex reached an agreement with the New York attorney general’s office to settle a long-running legal dispute.

Tether: The Coin That Could Wreck Crypto

To cover the losses, the exchange, Bitfinex, took loans from Tether’s reserves, leaving the stablecoin partly unbacked, according to Ms. James’ …

Anyone Seen Tether's Billions? – Bloomberg.com

In May 2019 a coalition of major traders bailed out Bitfinex, investing an additional $1 billion in the business. The exchange used the money to …

$7.6bn of 'stablecoin' tether redeemed since start of crypto crisis

However, the token, which is controlled by a private company with close links to the crypto exchange Bitfinex, has since largely restored …

Tether lost $7 billion this week – Protocol

Last year, Tether and Bitfinex agreed to pay an $18.5 million fine to settle a New York state attorney general probe which accused the two …

Ben McKenzie on Tether, the potential danger at the center of …

Let’s run through it: As the New York attorney general’s investigation found, Tether and Bitfinex have had repeated difficulties finding banks …

Attorney General James Ends Virtual Currency Trading …

“Bitfinex and Tether recklessly and unlawfully covered-up massive financial losses to keep their scheme going and protect their bottom lines …

Bitfinex, Tether settle with New York's Attorney General for …

Crypto firms Bitfinex and Tether have settled with the New York Attorney General’s (NYAG’s) office, ending a legal dispute that began in mid-2019. As part of …

Paganoto

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.