Bitfinex Denies Laundering, Says It’s a Victim of ‘Fraud’ by Crypto Capital
The crypto exchange released a statement Friday denying that it had any part in the payment processor's alleged money laundering.
Crypto exchange Bitfinex and its sister firm, stablecoin issuer Tether, have again been accused of working to manipulate the bitcoin markets. Bitfinex has called the suit "mercenary and baseless."
Tether says its USDT stablecoin is "fully backed by reserves," after reporting in April its token was only 74% backed.
In a sharply worded brief, the New York Attorney General's Office has criticized the exchange's tactics in its case involving the Tether stablecoin's backing.
Bitfinex and a blockchain project launched by Kim Dotcom have "mutually agreed" to part ways, scuppering an IEO for the kimcoin token.
Crypto Capital's Oz Yosef has been indicited on three criminal acts, confirming statements made by Bitfinex Friday.