Tether, Bitfinex Ordered to Increase Reporting Standards as NYAG Case Settled

What happened? The New York Attorney General’s office (‘NYAG’) has settled with Tether and Bitfinex, following a 22-month inquiry. The NYAG had been investigating whether the crypto exchange operator had covered up the loss of US$850M in customer and corporate funds. Tether shares ownership and key executives with Bitfinex. Key takeaways from the settlement:  Bitfinex […]