• Bitfinex repays tether
    Bitcoin,  Regulation

    Bitfinex repays $750M Tether loan, but lawsuits remain

    The cryptocurrency exchange paid off the remaining $550 million it borrowed from its sister company after being robbed—a loan that led to fraud and market manipulation lawsuits

    Tether’s undisclosed loan led New York State Attorney General Letitia James to sue the companies and their parent iFinex for fraud, conflict of interest, and violation of New York’s securities laws in civil court for failing to make clear that Tether’s USDt stablecoin was no longer backed one-to-one by U.S. dollars.

  • Another QuadrigaCX setback
    Cryptocurrencies

    Another setback for QuadrigaCX exchange victims

    Defrauded account holders turn to corporate investigations firm Kroll Inc after lawyers find no evidence linking shady payments processor Crypto Capital to the looted cryptocurrency exchange

    The long-running investigation into the loss of $190 million following the collapse of the doomed Canadian exchange QuadrigaCX has run into another brick wall.

  • UFC fan tokens
    Cryptocurrencies

    UFC fan tokens coming to the Octagon

    A partnership with Chiliz, a blockchain-based fintech firm, means fans will be able to collect tokens and access ‘once-in-a-lifetime experiences’

    The Ultimate Fighting Championship mixed martial arts league has entered into an exclusive partnership with Chiliz, a fintech company that helps major sports engage with their fans and monetize their base.

  • U.S. District Courthouse Southern of New York
    Uncategorized

    Prosecutors officially withdraw Reggie Fowler’s plea deal

    The man linked to Bitfinex’s missing money now heads to trial on four counts

    Reginald Fowler, the man who was allegedly at the heart of a shadow banking operation for cryptocurrency, forfeited what appeared to be an extremely reasonable plea bargain on Jan. 17. Now, according to a letter filed with the Southern District Court of New York on Friday, the U.S. government has officially withdrawn its plea offer as Fowler heads to trial.