Tether and Bitfinex fined CFTC $42,5 million for mis-statements about dollar reserves

Commission on trade in commodity futures United States of America America brought today and settled charges against Bitfinex and the affiliated Tether Ltd. Both companies have to pay penalties for total amount nearly 43 million dollars. CFTC declared that steyblkoin Tether (USDT) was not completely provided with reserves the most part of time, and Bitfinex violated the previous directive of the regulator of derivatives, according to the press release on Friday. In particular, in the message it is noted that the US dollar was provided with US dollars in the ratio 1: 1 only within one quarter from the 26-month period, since 2016 on 2018...