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@ Bitcoin Calendar
2025-04-25 15:30:02
👨⚖️ Bitfinex accused of hiding $850M loss
On April 25, 2019, Bitfinex was accused of covering up an $850 million loss using Tether (USDT).
1 BTC = $5,454 https://i.nostr.build/lLlxM.png https://web.archive.org/web/20201107230000/https://cointelegraph.com/news/bitfinex-allegedly-covers-850-million-loss-with-tether-funds
On February 23, 2021, Bitfinex and Tether admitted fault and paid an $18.5 million fine: https://web.archive.org/web/20230929015558/https://www.coindesk.com/markets/2021/02/23/ny-ags-850m-probe-of-bitfinex-tether-ends-in-an-185m-settlement/