Cryptocurrency Exchange, BITFINEX Paid $100 million to TETHER (USDT)

Bitfinex, a virtual currency exchange announced on its blog that it paid $100 million to Tether's (USDT) bank account.

Bitfinex has been accused of spending $700 million on Tether (USDT) from its losses associated with Panama-based payment services company, Creefto Capital, in addition to mixing customers' and their funds. Bitfinex has not released any details about the loss of the funds.

Earlier this year, a New York state justice minister requested an investigation on Tether and Bitfinex. During the investigation, people found a mix of customer assets and corporate funds by fraudulently using funds from the Stable Coin's collateral to cover losses worth $850 million. The minister also asked to submit a document guaranteeing the verification of the assets as stated in a subpoena issued by the former New York State justice minister, while urging Bitfinex and Tether to immediately stop using Tether's proven assets.

Reporter Gina Lee (news@dailycoinews.com)의 기사 더 보기

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Bitcoin price when registering article
BTC-USD : $ 11,581.58 USD (API by Bitfinex)