Joseph Lubin on Tether-Bitfinex Debacle: “It seems like a really big mess that probably won’t get better”

Joseph Lubin, founder of ConsenSys and co-founder of Ethereum, has shared his views on the recent debacle involving controversial stablecoin, Tether, and its parent company Bitfinex exchange.

Speaking at the Fluidity Summit conference, Lubin said that: “It seems like a really big mess that probably won’t get better.” The mess Lubin refers to is that in late April the New York State Attorney General alleged that Bitfinex lost $850 million and subsequently used funds from affiliated firm Tether to covertly cover the shortfall.

Original source
https://ethereumworldnews.com/joseph-lubin-on-tether-bitfinex-debacle-it-seems-like-a-really-big-mess-that-probably-wont-get-better/

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