Bitfinex declared repayment of a loan for $ 550 million in front of Tether

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Bitfinex reported on Friday, BitFinex reported that the Tether was completely calculated with the issuer, paying a loan of a $ 550 million loan.

After in 2018, the Exchange lost $ 850 million due to the arrest of the company’s accounts in which they were deposited, Bitfinex has opened a credit line at the Tether affiliated company. Having common property and managers, they did not advertise a loan for more than $ 600 million before the accusation of the General Prosecutor’s Office of New York in the illegal use of funds.

After the transfer of such a sum, the issuer did not have a sufficient reserve for 100% provision of Stelkin Fiat, which, in addition to the attention of law enforcement agencies, caused a wave of suspicion from the cryptosocence.

Now Exchange said that in January, the final payment was made on the loan. At the end of last month, the Bank serving Tether also reported that the USDT is fully secured by real dollars, although it did not submit an external audit.

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