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Bitfinex, Tether Found To Misrepresent USDT Backing And Obscure User Fund Losses
The NYAG found that Tether and Bitfinex misrepresented the assets backing USDT and obscured the loss of $850 million in user funds.
Tether and Bitfinex Ask New York Attorney General for Fund Accessibility
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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