Chico Crypto reveals unpleasant truths about Bitfinex scandal
The Chico Crypto youtube channel has been covering the Bitfinex and Tether scandal closely lately, and revealing how deep the corruption goes.
The Chico Crypto youtube channel has been covering the Bitfinex and Tether scandal closely lately, and revealing how deep the corruption goes.
The NYSAG has requested that Bitfinex turn over documents related to a loan Tether made to the crypto exchange.
In what’s shaping up to be the blockbuster crypto scandal of the year, Bitfinex and Tether have been requested to submit documents to the court in New York by May 3.
Dong Zhao, a shareholder with Bitfinex, has suggested that the crypto exchange could be planning to launch an exchange-based token in the wake of the Tether scandal.
Both Bitfinex and QuadrigaCX appear to have a common collaborator that contributed to their problems, and its called Crypto Capital.
The cryptocurrency exchange has the $850 million in client and corporate funds, but needs a couple of weeks for the money to be unfrozen.
To secretly cover up the “apparent loss,” Bitfinex and Tether’s parent company allegedly engaged in transactions that resulted in Bitfinex gaining access to $900 million of Tether’s USDT stablecoin cash reserves.
The platform has removed its $10,000 minimum equity threshold requirement, a move that is expected to allow more traders to use the platform.
The U.S government has returned to Bitfinex some of the Bitcoin Core stolen during the 2016 security breach.
The U.S. Department of Justice (DOJ) has cast fresh doubt on whether BTC was ever worth as much as its market price, after identifying irregularities that suggest market manipulation.
CoinGeek is highlighting the platforms that have opted for a neutral stance ahead of the Bitcoin BCH protocol upgrade, offering their users the chance to put their money where they believe Bitcoin BCH is headed.
Embattled cryptocurrency exchange Bitfinex has reinstated fiat deposits, claiming its new system is much “improved” following significant user problems at the exchange in recent times.