• Bitfinex repays tether
    Technology

    Bitfinex CEO says $850 million NY Attorney General called ‘lost’ was actually seized

    Weekend email to crypto exchange’s users does not say how or why those funds were seized by authorities of four countries including the U.S. and U.K.

    In disputing the New York State Attorney General’s claim that embattled cryptocurrency exchange Bitfinex and stablecoin-issuer Tether have lost $850 million, the CEO of the two firms’ parent company has raised a bigger question: why have four governments, including the U.S. and U.K., seized its money?