Bitfinex Repays Tether $750 Million Loan, Ending Crypto Market FUD | Crypto Briefing

Key Takeaways

  • In April 2018, New York’s justice department had accused Bitfinex and Tether of manipulating finances to cover $850 million in lost funds. 
  • Today, Bitfinex announced a complete repayment of the loan and cancellation of the credit lines between the two companies. 
  • The resolve has removed the last speck of concerns the market had related to the assets backing industry’s largest stablecoin USDT. 

Leave a Reply

Your email address will not be published. Required fields are marked *