According to The Block, on February 28, the cryptocurrency exchange Bitfinex said that after withdrawing $ 700 million from Tether's reserves last year, it had repaid $ 100 million to Tether. According to a previous announcement by the New York Attorney General's Office, the loan was used to make up Bitfinex's estimated $ 850 million financial loss after Crypto Capital, Bitfinex's payment processor, saw its funds seized by the authorities. The exchange previously stated that it had repaid $ 100 million to Tether through a loan agreement in July 2019. The second payment announced by Bitfinex on Friday was again a wire transfer in fiat currency to Tether's bank account. The announcement stated that "according to the loan agreement, the interest on all payables has been prepaid until March 2020."