New: ifinex

nederob (58)in bitcoin • 6 years ago
Tether's $2.8 billion supply only 74% backed by cash
The biggest dollar-pegged stablecoin on the market, Tether (USDT), is only for 74 percent back by actual money, or equivalents. That was stated by the general counsel of Tether Ltd to the Supreme…
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nederob (58)in bitcoin • 6 years ago
'Bitfinex used Tether funds to cover $850 million loss'
The New York Attorney General's office claims that cryptocurrency exchange Bitfinex lost 850 million dollars, and used funds from the affiliated stablecoin Tether (USDT) to secretly cover it all up.…
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