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Tag: iFinex

UK Watchdog FCA With Updated Warning Against Crypto Exchange Bitfinex!

The regulators are currently taking strict action against crypto transactions. Regulators in the US and UK in particular are taking massive action against unregistered crypto providers, including Binance, which currently do not have a license in the US or UK, have already noticed this. In Oct 2023, the UK FCA issued a warning against Bitfinex, the group associated with the stablecoin Tether.

Background Information On The Operators Of The Tether Stablecoin Scheme!

Tether (USDT) is a cryptocurrency pegged to the US dollar and is often used as a stablecoin. A network of companies around Tether Holdings Ltd and Tether Limited operates the scheme. The ownership structure has been the subject of significant speculation and controversy. Online gaming entrepreneur Brock Pierce and Italian plastic surgeon Giancarlo Devasini established Tether Holdings in 2014 in the British Virgin Islands. The Tether scheme is closely intertwined with crypto exchange BitFinex.

Bitfinex and Tether case in New York – Another bid for matter dismissal

In an explosive filing on April 25, 2019, the New York Attorney General alleges that the crypto-exchange Bitfinex conspired...