• Bitfinex repays tether
    Media,  Tether

    Bitfinex’s new tactic: Attack journalists

    Tether’s sister company goes after reporter who published something they didn’t like

    Bitfinex, the embattled exchange with a reputation for opaqueness, has taken on a combative approach against journalists—specifically, targeting one from a big name in crypto reporting. About a week ago, CoinDesk’s David Floyd began focusing on the crypto soap opera that is Bitfinex and Tether. On October 19, he wrote a piece about how traders were moving their Tether tokens on to Kraken. It appears those traders were then selling their tether for U.S. dollars because the exchange rate touched a low of 85 cents. “With users apparently unable to convert their USDT into dollars in the way envisioned by Tether’s white paper, they seem to be trying to accomplish…