NYAG has updated its case of Bitfinex and Tether Investigation. NYAG criticized Bitfinex and Tether's efforts to end the investigation.
Bitfinex files for subpoena to recover $880 million that has been frozen in bank accounts and it believes that a former banking executive has access to it.
Hong-Kong based crypto exchange Bitfinex will spend 27% of past and future their native IEO platform Tokinex revenue on burning LEO tokens.
New York City Supreme Court, restricted Tether Ltd, from using its reserves to cover its partner’ Bitfinex $850 million losses.
Tether’s lawyer has said in an affidavit that its USDT cash reserves are 74% backed by cash reserves, and it knowingly did not disclose this information.