By CCN: Bitfinex CTO Paolo Ardoino told Twitter that the firm was able to raise $1 billion in USDT within a short period because big investors know Bitfinex is “trustworthy.” Trust, Don’t Verify The New York Attorney General’s office recently opened a very public investigation into the firm. They allege much to the contrary. Tether Limited subsequently admitted it only has 74% of the reserves for its more than $2 billion stablecoins in circulations. . @bitfinex is able to raise 1b USDt in 10 days, in a private sale. Private companies, giants in our industry and outside, made investments for

The post ‘Trustworthy’ Bitcoin Exchange That Hid $850 Million Loss Raises $1 Billion appeared first on CCN