Latest Bitfinex News

Bitfinex fights back against NYAG, says it never served New York customers

Bitfinex fights back against NYAG, says it never served New York customers

iFinex, the company that owns and operates Tether and Bitfinex, said that the claims made by the New York Attorney General’s office that the companies served New York residents throughout last year were “misleading.” The company’s latest legal filing asserts that the alleged “New York customers” were foreign ECPs who worked through New York-based traders.

Tether and Bitcoin prices diverge on exchanges following fraud investigation

Tether and Bitcoin prices diverge on exchanges following fraud investigation

Tether, the leading stablecoin, recently unpegged from the US Dollar after news that the New York State Attorney General is investigating iFinex Inc, which operates Bitfinex and owns Tether Ltd USDT dropped as low as $0.975 against the US Dollar while the other top three stablecoins—USDC, TUSD, and PAX—enjoyed an approximately 6.5 percent premium.