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Bitfinex, Tether Found To Misrepresent USDT Backing And Obscure User Fund Losses

Ck Snarks -
The NYAG found that Tether and Bitfinex misrepresented the assets backing USDT and obscured the loss of $850 million in user funds.
CULTURE

Tether and Bitfinex Ask New York Attorney General for Fund Accessibility

Jimmy Aki -
In the latest development of an ongoing legal dispute with New York, attorneys for Bitfinex and Tether have asked for a lifting of restrictions on the stablecoin issuer's funds.
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