In a piece of unexpected news, Bitfinex was accused earlier this week of using customers’ funds to cover a loss of $850 million. Furthermore, the accusation came from the New York Attorney General’s office, the thing that pushed bitcoin flash to crash, as per the report.
The details of the news say that Bitfinex allegedly resorted to using its affiliated stablecoin operator Tether to cover the enormous amount referred to above.
According to the lawsuit, Bitfinex through Crypto Capital mixed the funds stored on behalf of the client with its own capital.
The details of the news say that Bitfinex allegedly resorted to using its affiliated stablecoin operator Tether to cover the enormous amount referred to above.
According to the lawsuit, Bitfinex through Crypto Capital mixed the funds stored on behalf of the client with its own capital.