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.
-
-
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according to a letter filed with the Southern District Court of New York on Friday, the U.S. government has officially withdrawn its plea offer as Fowler heads to trial.
-
U.S. Attorney Geoffrey Berman may drop a Fowler bomb on Bitfinex in January (via Department of Justice).Fowler plea may lead to Bitfinex’s missing $850 million
The man alleged to have looted the cryptocurrency exchange Bitfinex is set to plead guilty in a case that links it to drug cartel-connected payment processor Crypto Capital
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.
-
Crypto Capital crony Oz Yosef indicted
Another shadow banker has been charged in connection with the theft of $880 million from cryptocurrency exchange Bitfinex.
Federal prosecutors have indicted Oz Yosef, a principal of Crypto Capital Corp., on three counts of bank fraud and conspiracy in cryptocurrency exchange Bitfinex's $880 million loss.
