Bitfinex secretly compensates for $850 million in losses using Tether funds

According to a press release issued on Thursday, the Office of the Attorney General of New York claimed that the crypto exchange Bitfinex lost $850 million, and then used Tether's funds to cover the loss. New York Attorney General Letitia James announced that she had obtained a court order against iFinex Inc., ordering it to stop violating New York law and deceiving New York residents. It is reported that iFinex Inc. operates both Bitfinex and Tether.