Tether USDT and
Bitfinex have encountered terrible problem: They are both subpoenaed by the U.S. Commodity Futures Trading Commission (CFTC), yet the reason stays unclear. Tether USDT is accused of cooperating with Bitfinex to print a series of USDR tokens to push up the
Bitcoin price.
If this is true, CFTC might rectify and demonstrate that Tether and Bitfinex are actually invloved in this issue, these trading platforms will certainly face up with penalties. Tether might be closed, USDT price will get back to 0 and the
Cryptocurrency market will be adversely affected with no trust from the investors.
However, it is hard for Bitfinex to be closed because it is one of the most prestigious trading exchange platforms in the world for many years, capturing the top transaction volume. Moreover, CFTC is an US agent whose mission is to ensure the best interests for the investors. The closure of Bitfinex will definitely cause the worst damage to the investors. As a result, if you are not a large investor, you are advised not to make a withdrawal at this time.
RothscoinTeam.