End the Tetheral Reserve?
If Tether collapses, majority of global liquidity will go with it, and so will a sizable chunk of value held in equity around the blockchain economy.
Latest iFinex News
Feds probe Silvergate bank’s ties to FTX, SBF vs. CZ cage-match documentary
The fraud division of Department of Justice recently began scrutinizing Silvergate Bank for its dealings with SBF's FTX exchange and its affiliated market-maker Alameda Research, according to Bloomberg.
Why did Bitfinex delist BSV? Joshua Henslee explains the situation
Henslee concludes that it’s a good thing BSV was delisted from Bitfinex as this exchange is shady for him, and it’s best not to be associated with it in any way, shape, or form.
Tether mints, FTX liquidates, Alameda pads balance sheet
U.S. Attorney’s Office for the Southern District of New York (SDNY) had assigned Attorney Damian Williams to kickstart the DoJ’s probe if iFinex committed bank fraud.
Bitfinex sued over failure to safeguard stolen EOS
The integrity-challenged parent company of dodgy cryptocurrency exchange Bitfinex has been sued by a man who accuses the exchange of failing to safeguard hundreds of thousands of dollars’ worth of stolen EOS tokens.
Tether gets sued again, claims latest suit is ‘nonsense’
A pair of disgruntled users has filed a fraud claim in the Southern District of New York against Tether Holdings Limited and a handful of its related business entities, including iFinex and exchange Bitfinex.
Brock Pierce, risky loans, plastic surgeon and bullying: Inside Tether’s $68B house of cards
Bloomberg BusinessWeek recently published an exposé on the company, detailing how it rose to become so powerful, the people pulling the strings, and where the money is hidden, among other details.
Buckle your seatbelts: NY Attorney General to decide on Tether in 30 days
The outcome of the case could have a huge impact on digital asset markets, with Tether regarded as the asset that backs up much of BTC's (and other popular assets) price.
Crypto Crime Cartel: The end is nigh for Tether
Whenever the curtain is pulled back on the operations of Tether, the representations made by its executives change dramatically.
Bitfinex: NY attorney general extends submission deadline
New York Attorney General Letitia James has requested a New York court to extend the deadline for documents submission by iFinex Inc., the parent company of Bitfinex and Tether.
Bitfinex renews effort to recover $880M in user funds
Bitfinex has taken legal action in effort to solidify ownership claims to the $880 million in user funds that have vanished.
Bitfinex, Tether turn to court for funds restrictions reprieve
IFinex Inc. has asked courts to consider loosening restrictions on how its Tether funds can be used, amid ongoing probe by the New York Attorney General.