May 24, 2019 BY Mariela Naydenova

Bitfinex and Tether seek dismissal, but admit to non-cash reserve gambits

Management for Bitfinex and Tether had their day in court, which may have resulted in more disclosures than its executives may have wanted. While the beleaguered crypto exchange and stablecoin manager was alleged to have mishandled cash reserves for Tether’s “USDT” stablecoin, the revelations in the courtroom confirmed what had been rumored for months. Executives…

Read more