Bitfinex reports on payment of debt to Tether company – Bits Media

Also in 2018 year Bitfinex cryptocurrency exchange has taken a loan from Tether in the amount $900 million. Now the site has reported a complete repayment of the debt.

According to the exchange of the exchange, of $900 Milln Bitfinex used only $750 million. At the same time $100 Milln was paid in 2019 and 2020 years, but The remaining $550 Milln were transferred to Tether accounts in January of this year, Moreover, the payment was made before the planned time 5 November 2021 of the year. Good financial indicators of the exchange contributed to this.

According to the head of the legal department of Bitfinex Stuart Hogner (Stuart Hoegner), Money was taken on credit from Tether in connection with a "short -term cash lack". Seems to be, This lack of cash was associated with frost $880 Bitfinex millionth exchanges on Crypto Capital's accounts. The lawsuit is underway to return the funds.

“Bitfinex sees a noticeable progress in the return of funds from the accounts of the Crypto Capital group around the world. Crypto Capital made Bitfinex a victim. We reserve the right to use all available means of legal protection against them, We also hope to continue cooperation with the Prosecutor General of New York ", - emphasized Hogner.

He also told, that the payment was made in US dollars, and not in USDT stablecoins, since it was in this currency that a loan was received. The funds were transferred to Tether accounts in the Bahamsk bank Deltec Bank. At the end of January, representatives of Deltec Bank confirmed, that all USDT issued to the Tether funds are fully provided, stored on bank accounts.