The lawsuits against iFinex, which owns the two companies, seeks $1.4 trillion in damages over alleged market manipulations that led to the crypto winter of 2018.
The alleged mastermind behind cryptocurrency exchange Bitfinex’s missing $850 million is poised to cop a plea. What Reginald Fowler is getting—or who he is giving up—remains to be seen.
Bitfinex has announced plans to offer bitcoin options that will put it in direct competition with two major traditional exchange operators, Intercontinental Exchange and CME Group’s Bakkt. Both of those also announced enhanced bitcoin options choices over the past two days.
The lead academic in that (in)famous study postulating that Bitcoin prices were manipulated by Tether updated it with this added doozey: a single “whale” was behind most of it, trading large amounts of bitcoin against tether on Bitfinex, Tether’s sister company.