‘Trustworthy’ Bitcoin Exchange That Hid $850 Million Loss Raises $1 Billion

2019-5-14 03:00

By CCN: Bitfinex CTO Paolo Ardoino told Twitter that the firm was able to raise $1 billion in USDT within a short period because big investors know Bitfinex is “trustworthy. ” Trust, Don’t Verify The New York Attorney General’s office recently opened a very public investigation into the firm.

They allege much to the contrary. Tether Limited subsequently admitted it only has 74% of the reserves for its more than $2 billion stablecoins in circulations. . @bitfinex is able to raise 1b USDt in 10 days, in a private sale. Private companies, giants in our industry and outside, made investments for

The post ‘Trustworthy’ Bitcoin Exchange That Hid $850 Million Loss Raises $1 Billion appeared first on CCN

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Источник: ccn.com

billion bitfinex → Результатов: 90


Bitfinex Releases White Paper to Conduct $1 Billion Initial Exchange Offering (IEO) to Cover Frozen Funds

The cryptocurrency exchange Bitfinex will be conducting an Initial Exchange Offering (IEO) that aims at raising $1 billion. The intention is to use the funds to provide liquidity to the company. Some funds were frozen by authorities in different countries, including Poland, Portugal and the United States. Bitfinex Wants To Gather $1 Billion Bitfinex is […]

2019-5-5 23:25


Could the Tether (USDT) Situation Possibly Help Binance Coin (BNB) Gain?

After a cover-up by Tether (USDT) and Bitfinex was unearthed, the crypto market lost over $10 billion in market cap as Bitcoin and other altcoins had their values noticeably reduced. However, even though most of the top cryptos experienced significant reductions in value, the Binance Coin (BNB) continued to trade in the green, increasing up […] The post Could the Tether (USDT) Situation Possibly Help Binance Coin (BNB) Gain? appeared first on ZyCrypto.

2019-4-27 15:38


Crypto Market Loses a Whopping $10 Billion in Wake of Tether/Bitfinex Scandal

On Thursday, the cryptocurrency market took a major hit, dropping more than $10 billion in market cap following allegations surrounding Tether (USDT). According to a press release officially published on the New York Attorney General website, iFinex Inc which is the company behind Bitfinex crypto exchange and Tether Limited, covered up a loss of $850 […] The post Crypto Market Loses a Whopping $10 Billion in Wake of Tether/Bitfinex Scandal appeared first on ZyCrypto.

2019-4-27 09:00


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Bitfinex Faces Legal Action From NY Attorney General: Here’s What This Means

The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million.

2019-4-27 01:30


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Bitfinex Partnered With at Least 6 Different Banks During 2018

22 months since Wells Fargo suspended the processing of withdrawals sent by four Taiwanese banks that service Bitfinex, the platform remains among the top 20 exchanges by adjusted volume. While Bitfinex hosted more than $5 billion in trade this past month, the exchange has struggled to establish reliable banking partners, with traders seeking to deposit […] The post Bitfinex Partnered With at Least 6 Different Banks During 2018 appeared first on Bitcoin News.

2019-1-29 13:00


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