$623M in Bitcoin From 2016 Bitfinex Hack Moved Under Cover of COIN Hype
But the impact on the market may be little.
The Hong Kong-based exchange said it is temporarily halting trading while investigating issues on the platform.
Bitfinex plans to enter the DeFi market via Hodl Hodl and will add fresh liquidity to the Hodl Hodl lending pool.
Possible criminal charges against Tether executives will put even more pressure on a product that the market is already cooling on.
New research from blockchain analytics firm Elliptic asks whether zkSNACKs, the firm behind bitcoin privacy wallet Wasabi, is turning a blind eye to stolen coins.
The new composition report is part of Tether’s efforts to stay in compliance with a settlement with the New York Attorney General.
"If any issues arise that could affect the willingness or ability of both domestic and foreign investors to use USDT, the most likely result would be a severe liquidity shock to the broader cryptocurrency market," the report says.