The Bitfinex Hack and Tether's Untold Story - Part 4: When the questions became charges

The collapse did not begin with a dramatic run on the market. It began with patience running out. The questions had piled up for years, and by two thousand twenty-one, the atmosphere had changed. The doubts were no longer just rumors. They were becoming cases.In February two thousand twenty-one, the New York Attorney General filed suit against Bitfinex and Tether. The state alleged the companies had covered up losses and made misleading statements about reserves. That filing mattered because it converted suspicion into a formal public accusation. For years, critics had asked whether Tether was really backed the way it claimed. Now a regulator was saying the issue was serious enough to put in writing.Learn more at: https://thefraudarchive.com/fraud/bitfinex-tether

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