Tag: ifinex

Feb 23 2021

Bitfinex, Tether Found To Misrepresent USDT Backing And Obscure User Fund Losses

Feb 23 2021 Published at Bitcoin Magazine under tags  bitfinex ifinex nyag regulation tether

After more than two years of legal battle and investigation, iFinex and stablecoin issuer Tether have agreed to an $18.5 million settlement with the New York Attorney General’s office (OAG) today while admitting to no wrongdoing. Originally promoted by findings stemming from a 2018 investigative subpoena, the OAG alleged in 2019 that...

Bitfinex, Tether Found To Misrepresent USDT Backing And Obscure User Fund Losses

Feb 23 2021 Published at Bitcoin Magazine under tags  bitfinex business ifinex nyag tether

The NYAG found that Tether and Bitfinex misrepresented the assets backing USDT and obscured the loss of $850 million in user funds.After more than two years of legal battle and investigation, iFinex and stablecoin issuer...

Bitfinex and Tether Settles Dispute With NYAG With $18.5 Million Penalty

Feb 23 2021 Published at Coingape under tags  bitfinex ifinex news nyag regulation news

iFinex owned Bitfinex and Tether finally settled with NYAG...

Feb 05 2021

Bitfinex Repays Tether $750 Million Loan, Ending Crypto Market FUD

Feb 05 2021 Published at Crypto Briefing under tags  business ifinex nyag tether

Bitfinex exchange's parent company iFinex Inc. made full payment of the $750 million loan it had taken from Tether, putting an end to speculation of wrongdoing that threatened to wind up the company. An End to Tether FUD The two companies,...

Jan 20 2021

Breaking: Bitfinex and Tether Seeks 30-day Extension to Produce Critical Financial Document Before NYAG

Jan 20 2021 Published at Coingape under tags  bitfinex bitfinex vs nyag ifinex news nyag

iFinex Inc, the parent company of both Tether and Bitfinex has filed for a 30-day extension for the submission of key documents about Tether reserves and other financial operations in the ongoing lawsuit filed by NYAG. Update letter for NYAG Tether case, ~30 more days of waiting everyone. See you around Valentine's day https://t.co/NgozuAMDVY -- The post Breaking: Bitfinex and Tether Seeks 30-day...

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