CFTC fines Tether and Bitfinex $42.5 million over USDT backing

Trends in CFTC Virtual Currency Enforcement Actions 2015-2021

CFTC Charges New York Man in Multi-Million. Dollar Digital Asset ... CFTC Orders Tether and Bitfinex to Pay Fines. Totaling $42.5 Million.

Tether will pay $41 million over 'misleading' claims it was fully ...

The CFTC also announced Friday that Bitfinex, a cryptocurrency exchange affiliated with Tether, has been fined $1.5 million for “illegal, off- ...

Crypto firms Tether and Bitfinex to pay $42.5 million to settle US ...

r/CryptoCurrencies - CFTC Fined Bitfinex And Tether To Pay $42.5 Million Over USDT Backing ... r/StonkFeed - Crypto: CFTC fines Tether, Bitfinex $42.5 million for ...

Tether (USDT): Meaning and Uses for Tethering Crypto - Investopedia

The same year, a lengthy lawsuit against Tether and Bitfinex was finally concluded following Judge Laura Swain's dismissal of the claims in November 2023. The ...

tether bitfinex | Finance Magnates

Tether was accused by the CFTC of making 'untrue or misleading' claims about USDT stablecoin being backed by the US dollar. Friday, 1 ...

Bitfinex exchange, Tether slapped with $42M fine - Cryptopolitan

... Bitfinex exchange, has been slapped with a $42.5 million fine by the CFTC ... backed by U.S. dollars for most of the time, the CFTC claims.

AB 1934 (Grayson) | Senate Judiciary Committee

6 Investopedia, Tether (USDT): Meaning and Uses for Tethering Crypto (Mar. ... CFTC Orders Tether and Bitfinex to Pay Fines. Totaling $42.5 ...

Bitcoin Price Recoils After Bombshell Report DOJ Is Investigating ...

In 2021, The CFTC fined Tether $42.5 million for lying about USDT being fully backed by the U.S. dollar. ... Bitfinex agreed to halt all ...

Tether (cryptocurrency) - Wikipedia

Archived from the original on 5 January 2024. Retrieved 5 January 2024. ^ "CFTC Orders Tether and Bitfinex to Pay Fines Totaling $42.5 Million". CFTC.

Last week CFTC fined both Tether and Bitfinex $42.5M for allegedly ...

5. Tether now has 100% reserves backing the tokens they created, and is also holding $2 billion in Bitcoin. Maybe they sell the extra Bitcoin to diversify. 6.

Regulatory Concerns Could Dampen Investor Excitement for ...

In October 2021, the CFTC reached a $41 million settlement with Tether ... Fines Totaling $42.5 Million,” https://bit.ly/3RKMTBQ). With no ...

CryptoWeek #37 - Digital Gold Institute

Ecosystem - Tether · CFTC fines Tether and Bitfinex $42.5 million over USDT backing - The Block Crypto · CFTC Fines Tether and Bitfinex $42.5M for ...

Tracker: Crypto and Fintech Developments in the Biden Administration

10/15/2021 – CFTC orders cryptocurrencies Tether and Bitfinex to pay $42.5 million in fines for misleading statements that the currencies were ...

Fact Sheet: “Un” Stablecoins and Risks to Investors, Consumers ...

... Tether and Bitfinex to Pay Fines Totaling $42.5 Million, CFTC (Oct. ... Crystal Kim, Tether's USDT stablecoin depegs from dollar for a ...

Written Testimony of Alexis Goldstein - Senate Banking Committee

... Bitfinex, paid $42.5 million in October to settle charges with the ... NY Bans Tether, Bitfinex Over False Statements About Dollar Backing ...

Is Tether fully backed? What would failure mean for exchanges

CFTC fines Tether and Bitfinex $42.5 million over USDT backing. Quote. Disliked. The CFTC's announcement said Tether made "untrue or misleading statements and ...

How SEC Regs Will Change Cryptocurrency Markets - Investopedia

Kraken settled the charges by paying a $30 million fine and discontinuing its staking service for U.S. customers.1819; FTX crypto scandal (2022-2023): FTX, once ...

World's Largest Stablecoin Appears to Improve Quality of Reserves

The company and its affiliated entity, the Bitfinex exchange, were ordered to pay $42.5 million in penalties by the Commodity Futures ...

CFTC's new report enforces aggressive policing of digital asset ...

The digital asset industry was firmly in the crosshairs of the CFTC, as 20% of all enforcement actions were against the firms in the industry. Tether, issuers ...

Is the Bitcoin Comeback for Real? - Institutional Investor

In February 2021, Tether settled with the New York attorney general over allegations that it lied about its reserves during a period similar to ...