New York Attorney General probes crypto exchange Bitfinex over alleged $850M fraud68

In what seems like a historic moment in crypto, New York State Attorney General (NYSAG) office has announced that it is investigating iFinex, the company behind exchange Bitfinex and stablecoin Tether, over an alleged $850 million fraud.

Attorney General Letitia James’ office said on Thursday that it is looking how the company (apparently) lost $850 million which is said to have gone missing through a deal with Panama-based Crypto Capital. iFinex reportedly selected Crypto Capital as a payment processor to handle customer payouts after a series of banks refused to do business, including Wells Fargo which had previously taken transfers from its Taiwan-based accounts.

Original source
https://techcrunch.com/2019/04/26/bitfinex-alleged-850m-fraud/

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