New York Attorney General Shuts Down Bitfinex And Tether Trading in State; Groups Agree $18.5 Million Fine
The State of New York shut down the the digital currency trading platform Bitfinex Tuesday, accusing it of hiding losses and deceiving clients, in a move that could have significant implications for bitcoin prices. New York Attorney General Letitia James said Bitfinex claimed its so-called ‘stablecoin’, Tether, was backed by one-for-one holdings in U.S.
