Does NY Attorney General Have a Strong Case Against Bitfinex? New Reports Come To Light


Bitfinex and QuadrigaCX were the two biggest Exchange related issues that came to light his year. Post the obituary of QuadrigaCX CEO, Gerald Cotten, about 190$ in cryptocurrencies have been declared ‘lost forever’ as it was stored in the cold wallets of Cotten.
With Bitfinex, it has been accused of mismanaging and then covering up nearly $850 million using the stablecoin, USDT. Together the value of the funds and cryptocurrencies amount to $1.04 billion. Moreover, Bitfinex has maintained a ‘not guilty’ stand and stated that the funds are not lost but are seized and safeguarded.
Who Seized Their Funds and Why?
While Bitfinex has not yet mentioned who or why the funds were seized, it remains to be the most significant question mark on their statement released on 26th April 2019. The Attorney General of New York City accused the Exchange of having lost the funds. However, the firm replied that the funds are not lost but “seized and safeguarded.”

Read Full News : https://worldfoxnews.com/2019/04/28/ny-attorney-general-strong-case-bitfinex-new-reports-come-light/

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