Phil Potter, chief strategy officer for cryptocurrency exchange Bitfinex, has reportedly left the company.
reported Friday that Potter, who is also a director of the 'stablecoin' issuing company Tether, will be temporarily replaced by Jan Ludovicus van der Velde, Bitfinex's CEO.
Following the publication of this article, a representative for Bitfinex provided CoinDesk with a statement from Potter.
He said:
According to data from Coinhills, Bitfinex is the fourth-largest exchange by trade volume, sporting roughly 121,000 BTC or roughly $750 million in volume over the past 24 hours.
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The exchange has been at the center of controversy for some time, largely due to its close links to Tether. Just this week, law firm Freeh Sporkin & Sullivan LLP released a report attesting that Tether's USDT token is fully backed by more than $2 billion in reserves. Yet some quarters of the cryptocurrency community remain unconvinced, with the report sparking a fresh round of allegations that USDT has been used to inflate the price of bitcoin.
This article has been amended for clarity and updated with a statement from Phil Potter.
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