Tether admits in court to investing some of its reserves in bitcoin336

Count this as the latest revelation to emerge in Bitfinex's battle with the New York Attorney General's office.

Tether, a stablecoin that has overlapping management and ownership with Bitfinex, admitted the company has historically used some of its reserves to make investments in bitcoin and “other assets," according to court documents obtained by The Block. It's the latest insight from recent court proceedings into the operations of Bitfinex and Tether — two entities that have played a major role in crypto markets whilst operating mostly opaquely.

Original source
https://www.theblockcrypto.com/2019/05/21/tether-admits-in-court-to-investing-some-of-its-reserves-in-bitcoin/?utm_source=rss&utm_medium=rss&utm_campaign=default

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