Tether supply surges to $15 billion but it could still be a house of cards
A New York judge ordered Bitfinex and Tether to turn over financial documents to the New York Attorney General’s office, but left the timing to the parties to coordinate.
Bitfinex and Tether shouldn’t need more than two months to produce documents about USDT issuances and past operations in New York first ordered 17 months ago, an NYAG lawyer argued in a letter Monday.
The New York Attorney General’s office wants Tether and Bitfinex to immediately turn over documents detailing a $900 million line of credit.
U.S. prosecutors have unveiled 56 bank accounts under scrutiny in Reginald Fowler’s legal travails.
International crypto exchange Bitfinex unexpectedly went offline for all users this afternoon, citing a ‘platform performance issue.’
Bittrex and Poloniex were added to the case as defendants in June 2020.
ParaFi and D1 have invested a total of $450,000 into Bitfinex spin-out DeversiFi and will now play a governance role in the project’s DAO.
Hackers transferred roughly $12M from wallets connected to the Bitfinex breach, in which 120,000 Bitcoin was stolen in August 2016.
The monumental 2016 hack resulted in one of the single-largest losses in bitcoin of all time.