Bitfinex Receives USD 0.5B from Users on El Salvador’s Bitcoin Bonds
Bitfinex, a crypto trading platform that will host the issuance of El Salvador’s much-discussed bitcoin (BTC) bond, has confirmed “half a billion dollars” worth of interest already received from its customers. According to the Financial Times, Bitfinex Chief Technology Officer Paolo Ardoino said: “Some of our users have proactively reached out to us to express […]
Crypto exchange Bitfinex pilots new AML compliance tool
Bitfinex, a cryptocurrency exchange, is prepared to put a new anti-money laundering (AML) tool to the test on its platform. Bitfinex stated on Wednesday that it will be testing a new solution meant to help financial institutions comply with the “Travel Rule,” a new anti-money laundering/counter-terrorist financing guideline established by the FATF in 2019. Bitfinex […]
CFTC fines Tether and Bitfinex a combined $42.5 million
Tether and Bitfinex were fined $41 million and $1.5 million, respectively, by the Commodity Futures Trading Commission (CFTC) on Oct. 15, citing violations of a previous CFTC ruling. Tether, the company behind the eponymous stablecoin, only had sufficient cash reserves to underpin the dollar-pegged asset for 27.6% of the time during the 26-month period under […]
Court dismisses case against Tether and Bitfinex
Many of the claims in the class-action lawsuit filed in the Southern District of New York against stablecoin issuer Tether and cryptocurrency exchange Bitfinex have been dismissed by the judge. District Judge Katherine Polk Failla granted petitions from Tether and Bitfinex’s parent company iFinex to reject crucial claims in the plaintiffs’ case alleging the two […]
Miner agrees to return 7,626 ETH wrongly paid as gas fees by Bitfinex
Following an erroneous transaction by the DeversiFi decentralized exchange, an Ethereum miner has agreed to return most of the $23 million which was charged as network fees. The DeversiFi team discovered a bogus transaction on September 27 with an unusually high network cost. According to Etherscan, a user connected to a hardware wallet spent a […]