Cryptocurrencies
Crypto Exchange Bitfinex Says Loan at Center of Probe Repaid
- New York Attorney General said original action was fraudulent
- Loan repayment was made by Bitfinex to affiliate Tether
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The cryptocurrency exchange Bitfinex said it repaid a remaining balance of $550 million on a loan that is at the heart of allegations of fraud made by the New York Attorney General.
The payment was made in January to Tether, which has been run by the same officials of Bitfinex, according to an emailed statement. Tether issues its own namesake coin, which serves as a conduit for trading for a majority of cryptocurrency transactions globally.