Bitfinex Repays Tether $100 Million of $700 Million Loan

Crypto exchange Bitfinex said Tuesday that it had begun repaying a loan from its sister company Tether. Bitfinex borrowed as much as $700 million from the stablecoin issuer through a line of credit in early 2019, according to legal filings by the New York Attorney General (NYAG)’s office. The exchange needed the cash to make […]

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NYAG: Bitfinex Should Be Made to Disclose Tether Deal Documents

New York prosecutors have struck back at cryptocurrency exchange provider Bitfinex, telling a local court that they believe the company should be made to turn over documents outlining a nearly $900 million line of credit offered by stablecoin issuer Tether. The New York Attorney General’s (NYAG) first sued Bitfinex and Tether for all documents pertaining […]

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