A week after allegations of Bitfinex’s $850 million Tether ‘cover-up’ broke, the story is still dominating crypto-twitter. And although Binfinex challenges the claims, the ripples from the splash are already affecting both its business and Tether’s. The Story Bitfinex Wish Would Die For anyone who missed it, the New York Attorney General accused Bitfinex of covering up a large hole in its finances using money borrowed from Tether reserves. Bitfinex argued that the $850 millionRead MoreThe post Who’s Backing Who? The Fallout Of The Bitfinex/Tether Debacle appeared first on Bitcoinist.com.
