Bitfinex announced on Friday, 5th Feb, that it repaid the remaining balance of $550 Million of the outstanding revolving loan to Tether. A per the announcement, the remaining loan along with the interest was paid out in fiat currency wired to Tether’s bank account in Jan 2021. Tether opened a...
Bitfinex expands beyond the digital asset space. Launches new perpetual contracts (derivative product) based on equity index – STOXX Europe 50 and DAX (Germany 50). This is the first time a crypto exchange is launching an equity product. According to the announcement, to make the trading experience seamless and effective,...
In a filing with the New York State Supreme Court’s Appellate Division, the New York Attorney General (NYAG) argues Bitfinex is wrong to think that they are entitled to halt the investigation. Bitfinex is under the NYAG lens for potential securities and commodities fraud. NYAG suspects that Bitfinex might be...
Cryptocurrency exchange Bitfinex has integrated a compliance tool from blockchain analysis firm Chainalysis. Chainalysis’s “Know Your Transaction (KYT)” compliance software will help Bitfinex detect suspicious transactions on a real-time basis. Exchanges Binance and Bittrex have also recently integrated Chainalysis compliance software ‘KYT’. Chainalysis compliance solution is “aligned with what we...
Bitfinex on Oct 18, 2019, filed a discovery application in the Central District of Southern California District Court hoping to recover its $880 Million funds held at the various frozen accounts of Global Trade Solutions AG, doing business as Crypto Capital. Discovery is a pre-trial procedure in a lawsuit in which each...
