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Cryptocurrency firms Tether and Bitfinex agree to pay $18.5 million fine to end New York probe – CNBC

New York’s top law enforcement official had been investigating Tether and Bitfinex over allegations that they tried to cover up $850 million in losses.

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A smartphone displays the Tether market value on the via The Crypto App.
Cryptocurrency firms Tether and Bitfinex reached an agreement with the New York attorney general’s office to pay an $18.5 million fine to settle a closely-watched legal dispute.
The state’s top law enforcement official had been investigating the firms over allegations that they moved hundreds of millions of dollars to cover up the apparent loss of $850 million of commingled client and corporate funds. Tether and Bitfinex a…

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