ZyCrypto
2021-10-15 21:52:09

Tether And Bitfinex Fined $42.5M By CFTC For False Statements About Dollar Reserves

The US Commodity Futures Trading Commission today filed and settled charges against Bitfinex and sister company Tether. The two firms are required to pay fines totaling almost $43 million. CFTC claimed that the Tether (USDT) stablecoin was not completely backed by reserves most of the time and Bitfinex breached the derivatives regulator’s previous directive, according […]

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