Home > State Of New York Sues Bitcoin Exchange Bitfinex Over $700 Million In Missing Funds

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State Of New York Sues Bitcoin Exchange Bitfinex Over $700 Million In Missing Funds

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The New York Attorney General is suing cryptocurrency exchange Bitfinex. Bitcoin plunged after Bitfinex drained at least $700 million from the reserves backing its digital coin, Tether, to cover up $850 million in missing funds. Business Insider reports the AG's office accused it of "ongoing fraud" and engaging in "undisclosed, conflicted transactions." Bitfinex said the claims were "written in bad faith and riddled with false assertions" and pledged to fight the order.

Added on the 26/04/2019 08:18:23 - Copyright : Wochit

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