Bitfinex Allegedly Covers $850 million Loss with Tether Funds

[cosmicart]

The New York Attorney General’s office has alleged that crypto exchange Bitfinex lost $850 million and subsequently used funds from affiliated stablecoin operator Tether to secretly cover the shortfall, according to an announcement published on April 25.

Read more: https://cointelegraph.com/news/bitfinex-allegedly-covers-850-million-loss-with-tether-funds

[Crypto Girl]

The New York Attorney General’s office has alleged that crypto exchange Bitfinex lost $850 million and subsequently used funds from affiliated stablecoin operator Tether to secretly cover the shortfall, according to an announcement published on April 25.

Read more: https://cointelegraph.com/news/bitfinex-allegedly-covers-850-million-loss-with-tether-funds

I'm not a fan of bitfi since I don't have much fund to trade their platform but I think their platform and the people behind it has nothing to do if people will boycot the bitfi. I mean it's the CEO who uses the fund however perhaps people will eventually loss trust and doubt the platform.

Okay, I wouldn't be surprise if tether will descend.

[legendster]

The New York Attorney General’s office has alleged that crypto exchange Bitfinex lost $850 million and subsequently used funds from affiliated stablecoin operator Tether to secretly cover the shortfall, according to an announcement published on April 25.

Read more: https://cointelegraph.com/news/bitfinex-allegedly-covers-850-million-loss-with-tether-funds

I'm not a fan of bitfi since I don't have much fund to trade their platform but I think their platform and the people behind it has nothing to do if people will boycot the bitfi. I mean it's the CEO who uses the fund however perhaps people will eventually loss trust and doubt the platform.

Okay, I wouldn't be surprise if tether will descend.

You are misinformed woman. CEO does not handle funds the CFO does.

Tether's murky relationship with Bitfinex has been hinted at since 2017. Read : https://qz.com/1149772/the-murky-relationship-between-bitfinex-and-tether-is-raising-suspicions/

If no one cared then, no one will care now either. Much like that shitty Bitcoin SV it'll continue to exist despite a corrupt and lying leadership.

[X-ray]

The New York Attorney General’s office has alleged that crypto exchange Bitfinex lost $850 million and subsequently used funds from affiliated stablecoin operator Tether to secretly cover the shortfall, according to an announcement published on April 25.

Read more: https://cointelegraph.com/news/bitfinex-allegedly-covers-850-million-loss-with-tether-funds

I'm not a fan of bitfi since I don't have much fund to trade their platform but I think their platform and the people behind it has nothing to do if people will boycot the bitfi. I mean it's the CEO who uses the fund however perhaps people will eventually loss trust and doubt the platform.

Okay, I wouldn't be surprise if tether will descend.

You are misinformed woman. CEO does not handle funds the CFO does.

Tether's murky relationship with Bitfinex has been hinted at since 2017. Read : https://qz.com/1149772/the-murky-relationship-between-bitfinex-and-tether-is-raising-suspicions/

If no one cared then, no one will care now either. Much like that shitty Bitcoin SV it'll continue to exist despite a corrupt and lying leadership.

But last week faketosi was accusing binance and he was not writing something related to the bitfinex and the problem is when bitfinex is not transparent with it. Even if the tether's murky relationship with bitfinex already revealed since 2017. Public has been giving reaction to the bitfinex's case. Im seeing the daily volume trade was decreased a lot started after that news has published.

[rijaljun]

Now everything fine guys. Nothing to talk about this topic anymore as it was just a FUD. Investors seems don't really care about this one and now they continue to prepare new bullrun for Bitcoin.

[||bit]

Now everything fine guys. Nothing to talk about this topic anymore as it was just a FUD. Investors seems don't really care about this one and now they continue to prepare new bullrun for Bitcoin.

Actually it is not fine. Right now the price of bitcoin is 300$ higher than other exchanges.

People are trying to get rid of tether and it is pushing the price up, and you can't arbitrage because bitfinex isn't allowing withdraws.

[arpon11]

Now everything fine guys. Nothing to talk about this topic anymore as it was just a FUD. Investors seems don't really care about this one and now they continue to prepare new bullrun for Bitcoin.

Actually it is not fine. Right now the price of bitcoin is 300$ higher than other exchanges.

People are trying to get rid of tether and it is pushing the price up, and you can't arbitrage because bitfinex isn't allowing withdraws.

I tried to take the advantage of the difference and arbitrage but I find out that withdrawals is currently not allowed.  I also see that bitfinex is trying to cover something by the way tether is been dumped and I think whatever it is we thank God that It did not affect the general market negatively.  If you have decided to invest now I think bitcoin will still be going up. However,  you should put in money you can afford to lose as everything is possible in this market.

[DavidMott]

Well, this is not good publicity for the market. But, how many countless times have we seen scandals with traditional banks?