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

Christian Keroles -
The NYAG found that Tether and Bitfinex misrepresented the assets backing USDT and obscured the loss of $850 million in user funds.
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Op Ed: A Summary of  NYAG vs. Bitfinex/Tether

Sasha Hodder -
The New York Supreme Court has modified an injunction, now allowing Bitfinex to continue using Tether reserves that were loaned to it to maintain its ordinary course of business. But how did we get here?
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