Bitcoin’s latest decline just coincided with the reviews of stablecoin Tether and Bitfinex, both of which were called from the US last year.
Bloomberg reported on November 20 that Tether and Bitfinex, which have the same CEO,
Although no official charges have yet been made, the US Department of Justice (DoJ) is investigating whether these two played a role behind Bitcoin’s all-time highs in the 2017 range. .
Prosecutors believe that “Bitcoin, Tether and Bitfinex are using Bitcoin’s complex network to illegally raise prices,” according to an unnamed source.
The Commodity Futures Trading Commission ( The CFTC) had previously requested information from both companies to investigate the matter and was refused, after which it sent subpoenas to both companies last January.
While both continue their business as usual, critics said that Tether production passed. They are divided on whether it has an impact on Bitcoin prices at this time of year.
Tether Sales Continue
Managers have issued official statements in the past months against different accusations, but one On the other hand, Bitfinex is stubborn that all kinds of negative rumors are malicious fabrications.
These include allegations that the stock market could not pay its debts after the defeat last month.
“What a sane person. It’s hard to understand making claims to the contrary when it’s clear we’ve paid our debts, and maybe this is all nothing but fiction.”
Bitcoin has tumbled 30% this week and observers have seen huge transfers in Tether’s USDT tokens. including the $50 million move from Tether Treasury Tuesday to Bitfinex. In the past, the sales of newly emerged USDT Tokens and the periods when BTC was $ 4570.64 coincided.
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