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02 March 2021

Bitcoin jumps $4,000 as Bitfinex and Tether settle with New York court

Bitcoin jumps $4,000 as Bitfinex and Tether settle with New York court


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Bitcoin jumps $4,000 as Bitfinex and Tether settle with New York court.

Stablecoin issuer Tether and Bitfinex, a prominent crypto exchange and its parent company, have today settled with New York courts on a long-running case that saw the latter alleged Tether’s questionable reserves.

Bitfinex and Tether agree to pay over $18.5 million in a fine that effectively shut the case for good.

“This settlement shows our commitment to the future of the industry, and to transparency with quarterly disclosures of Tether reserves going forward,” it said

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