Tether/Bitfinex Could Crash Bitcoin If Their Numbers Don't Add Together Up, In Addition To Bitfinex Lawyers Up!

Influenza A virus subtype H5N1 span weeks ago, nosotros were actually the solely tidings site touching this. Massive claims of alleged fraud beingness placed on the Bitfinex exchange, in addition to the currency they're closely associated amongst "Tether" - in addition to thence if you lot missed that article - showtime read "Did Tether FAKE a hack to encompass upward crimes? We dive into the conspiracy theory..."

Today, there's been 2 major developments. 

First, this article from Fortune Magazine. In which Fortune outlines how, if the conspiracy nosotros covered before turns out to endure true, it could endure a disaster for Bitcoin.

Secondly, Bitfinex announced they bring hired lawyers, prepare to larn afterward those spreading the claims against them which they insist are false.  Stating today:

“In recent months, for sure parties in addition to their associates bring made mistaken in addition to unsubstantiated claims against Bitfinex, engaging inward potential marketplace manipulation activeness that is dishonest in addition to unlawful.”

Their virtually song critic, who goes yesteryear "Bitfinex'ed" on twitter is expecting to endure a target in addition to is tweeting for donations to his "legal defence forcefulness fund".  In involvement of amount disclosure - fifty-fifty Bitfinex'ed has been defendant of beingness purpose of a conspiracy every bit well, spreading misinformation.

We'll endure watching for what happens next!

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Author: Ross Davis
San Francisco News Desk