Discussion

• @jacobcanfield Jacob Canfield on x

  This was potentially a liquidity grab before the release of this NYAG news giving the greenlight for Tether. Wouldn't surprise me to be back at $55k by the end of the week. https://ag.ny.gov/...

• @spastikgramps Chris Ward on x

  “Tether's claims that its virtual currency was fully backed by U.S. dollars at all times was a lie.” - Attorney General James @alexharfouche1 @profplum99 🌷🌷🌷 https://ag.ny.gov/...

• @defitimes Defi on x

  BREAKING: Tether case is settled: - they pay a small fine ($18.5 million) - cannot trade in NY anymore We can pump again! 📈🚀 https://decrypt.co/...

• @readdanwrite Daniel Roberts on x

  NY AG @TishJames: Bitfinex, Tether “made false statements about the backing of the tether stablecoin, and about the movement of hundreds of millions of dollars between the two companies to cover up the truth about massive losses by Bitfinex” https://decrypt.co/... @decryptmedia

• @charlieshrem Charlie Shrem on x

  Wow! This is the most bullish news all year. Congrats both sides for coming to a peaceful resolution! https://ag.ny.gov/...

• @marypcbuk Mary Branscombe on x

  I've been waiting for this implosion; Tether claimed more currency on hold than was in the entire national banking system where it's bank was based. Never mind /wsb, this is what will hurt naive investors https://twitter.com/...

• @newyorkstateag Ny Ag on x

  We're ending @bitfinex and @Tether_to's virtual currency trading in New York after the companies covered up about $850 million in losses around the globe and deceived the market by overstating reserves. Those trading virtual currencies in New York cannot avoid our laws, period.

• @jamesgrickards Jim Rickards on x

  Bitcoin's price is driven by Tether, a so-called “stable coin” backed by dollars. Except, you know, it's not actually backed by dollars. “Tether's claims that its virtual currency was fully backed by U.S. dollars at all times was a lie.” https://ag.ny.gov/...

• @haileylennonbtc Hailey Lennon on x

  🚨Bitfinex and Tether will admit no wrongdoing, but will pay $18.5 million and provide quarterly reports describing the composition of Tether's reserves for the next two years. NY AG's $850M Probe of Bitfinex, Tether Ends in an $18.5M Settlement https://www.coindesk.com/... @coind…

• @scottmelker @scottmelker on x

  Now shut up about tether and let's move on. 18.5m is nothing and they admitted no wrongdoing. Pure FUD after years of speculation. https://www.theblockcrypto.com/ ...

• @la__cuen Leigh Cuen on x

  So still wildly profitable. This is basically legal fees. 🤔 https://twitter.com/...

• @frances_coppola @frances_coppola on x

  “without admission of liability” is what all out-of-court settlements say. Doesn't mean they did nothing wrong. https://twitter.com/...

• @drhosp1 Paolo's.Retail.Dumb.Fuck on x

  That's the result if you think this lawsuit was about them being backed and not about them illegally trading in NY. These people don't get how institutions and jurisdictions work. https://twitter.com/...

• @lorakolodny Lora Kolodny on x

  The Tether/Bitfinex settlement was $18M - paltry imo considering NY AG saying they “covered up about $850 million in losses around the globe and deceived the market by overstating reserves.” by @Ryan_Browne_ @CNBC https://twitter.com/...

• @el33th4xor Emin Gün Sirer on x

  NY AG settles with Tether. With this agreement, having survived the mother of all audits by the most tenacious auditor, Tether also agrees to quarterly checks by the NY AG. Big news for the whole space. https://ag.ny.gov/...