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/biz/ - Business & Finance


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12205398 No.12205398 [Reply] [Original]

>> No.12205749

>>12205398
Bitfinex has the same management team as Tether Ltd., a Hong Kong-based company that created the namesake cryptocurrency. When new coins come to market, they’re mostly released on Bitfinex.

Some traders -- as well as academics -- have alleged that these Tethers are used to buy Bitcoin at crucial moments when the value of the more ubiquitous digital token dips. JL van der Velde, the chief executive officer of Tether Ltd. and Bitfinex, has previously rejected such claims.

Bitfinex’s general counsel, as well as outside lawyers for the exchange and Tether Ltd., didn’t respond to phone calls and emails seeking comment.