Post
Topic
Board Service Discussion (Altcoins)
Re: Bitfinex Used Tether Reserves to Mask Missing $850 Million
by
NeuroticFish
on 26/04/2019, 18:20:00 UTC
Fuck. When everything seemed to be getting better. Tether is always a ghost under the bed...

Tether was proven in a good number of times to be quite shady, from not doing proper 3rd party audit to not staying 1:1 to dollar.
That's actually what fueled the late rise of new stablecoins.

On the other hand, Bitfinex is not an American company. Why the NY attorney relate to this?

This is a question I'd also like to see answered.
It may be related to US citizen filling complaints when the last hack has happened. But I don't know how jurisdiction works so I'd like others' opinions too.