I have noticed this article from Cryptocoin.News. I think this is one of the reasons why the market has fallen in recent days. That time is really hard for the crypto market.
US Department Of Justice Goes After Bitfinex And Tether (USDT)According to Bloomberg, the United States Department of Justice has opened an investigation against Bitfinex and its stablecoin, Tether (USDT), for alleged market manipulation during the Bitcoin (BTC) rally that occurred last year, which led BTC to reach $20,000 at the time.
Although charges have not been made against the cryptocurrency exchange, the authorities are investigating the matter further to settle claims for multiple community members and financial experts that have led to the particular conclusion of market manipulation.
The investigation could not come at a worse time, especially with the bear trend the market is experiencing right now and the drop in prices. In less than a week, Bitcoin (BTC) experienced a drop in prices of about 15%, reaching new lots and hanging around the $4,000 – $4,500 mark, a price that had not been seen since last year. The rest of the market has also been affected by this major drop.
I just quoted some main points. More details in source link.
What do you think if Bitfinex And Tether is convicted?