Tether is currently embroiled in a legal dispute with the New York Attorney General’s Office (NYAG), which alleges that Bitfinex lost $850 million after payment processor Crypto Capital seized the funds.
However, Hoegner has now demystified many of the Tether-related fears leading up to the NYAG’s submission deadline later this month.
— Stuart Hoegner (@bitcoinlawyer) February 5, 2021
He said: “Bitfinex is happy to announce that in January it repaid the remaining balance of $550,000,000 of the outstanding revolving loan facility to Tether.
Bitfinex is the fifth largest digital asset exchange in terms of trade volume, with its spot markets regularly exceeding $1 billion over 24-hours.
Coin Rivet has requested proof of Bitfinex’s loan payment and will update this article accordingly.
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