Tag Archives: Bitfinex

New York attorney general Letitia James has issued a statement to all residents of New York warning them that cryptocurrencies are risky, and that they should think twice before investing in them. Letitia James Warns Against Crypto Usage In the statement, she also takes aim at all cryptocurrency businesses, claiming that if they do not follow the rules set forth by New York and the rest of the country, they are likely to face serious monetary and legal consequences. This...

Tether and Bitfinex have settled their case with the New York Attorney General’s office. Both companies have agreed to pay as much as $18.5 million to make the issues of the past finally disappear. The Tether Bitfinex Fiasco Has Come to an End Both companies have been under serious investigation for the last few years after having been accused of working to cover up an $850 million loss of both corporate and client funds. As a result of the settlement, both Tether and...

Tether and Bitfinex will no longer be able to trade with New York citizens and will have to pay $18.5 million in penalties as their two-year-long legal case with the New York Attorney General office came to an end. The case started in April 2019 when the NYAG office alleged the popular exchange Bitfinex of losing $850 million and using Tether funds to secretly cover the losses to the payment processor Crypto Capital. The funds were actually confiscated by government authorities from the US,...

Following the recent attack on the Yearn.Finance protocol, major U.S. dollar stablecoin company Tether froze $1.7 million worth of USDT stolen from the platform. Meanwhile, Bitfinex disclosed that it had made the last loan repayment to Tether.Tether Freeze Raises Centralization ConcernsTether CTO Paolo Ardoino announced the news of the USDT freeze via his Twitter handle on Friday (Feb. 5, 2021). The company’s action would subsequently prevent the hacker from spending the stolen funds.....

The January 15th deadline passed, and, as somewhat expected, the parties in the NYAG v iFinex case are yet to conclude the production and submission of the requested documentation.As reported by CryptoPotato earlier, January 15th was a much-anticipated date regarding the case between the New York Attorney General’s office and iFinex – the parent company of both Tether and Bitfinex.On this date, iFinex had to produce a bulk of documents requested by the office of the NYAG. The latter alleges,...

Over $400 million worth of the most popular stablecoin Tether (USDT) has been sent to the cryptocurrency exchange Huobi over the past couple of hours. Two of the transactions were sent from an unknown address with a total worth of around $304 million, while another transfer worth $100 million was sent from Bitfinex. Over $400 Million Worth of USDT Flows In Huobi in Hours Whale Alert, the popular service that tracks abnormally large transactions, just flashed a few times in a...

Bitfinex and sister firm Tether moved to dismiss a Bitcoin manipulation lawsuit filed against them in October last year. The crypto companies said that the allegations are baseless.Bitfinex And Tether Call For Dismissal Of ‘Preposterous’ LawsuitIn October 2019, a group of bitcoin and cryptocurrency traders David Leibowitz, Benjamin Leibowitz, Jason Leibowitz, Aaron Leibowitz, and Pinchas Goldshtein filed a class-action lawsuit against Bitfinex and Tether claiming that the crypto exchange and...

Cryptocurrency exchange Bitfinex is looking for a little help in recovering more than $1 billion in stolen bitcoin funds.Bitfinex: We Need Your Assistance!The company saw more than $1.3 billion in crypto mysteriously vanish from its platform in the year 2016. After four long years, the exchange is no closer to recovering the funds. Executives are hoping someone involved in the theft or someone with knowledge of the incident will come forward and lending a hand. Those that do will be privy to...

Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 940. Heute sprechen wir über folgende Themen: Btc-e Alexander Vinnik vor Gericht, Dash bringt Krypto Debit Karte nach Mexiko & ETH Trading Volumen grösser als Bitcoin bei Bitfinex. Die heutige Show wird gesponsert von XBTPro Exchange – XBTPRo.com ist ein neues Bitcoin & Crypto Exchange und bieten dir aktuell 25% auf deine erste Einzahlung in Form von eigenen Token NextBT. Alle Infos hier:...

Bitfinex will be awarding $400 million for the successful recovery of bitcoins lost in the infamous August 2016 hack. The offer is also open to the hackers themselves who pilfered around 120,000 BTC, worth $1.3 billion (at today’s rates).Bitfinex: Help Return 120,000 BTC Worth $1.3 Billion, Get $400 MillionIn an official announcement today, controversy laced exchange Bitfinex said it’s offering $400 million to folks who can connect them with the hackers who lifted around 120,000 BTC from the...