Bitfinex repays $100 million loan to Tether

Bitfinex repays $100 million loan to Tether

Bitfinex has announced that it has repaid the $100 million loan it had received from Tether, thus covering a part of its $900 million loan facility. Bitfinex resorted to the loan after CryptoCapital, its payment provider, saw its bank accounts and assets seized for an ongoing investigation. Bitfinex covered the liquidity gap in two ways - by taking money from Tether and then by issuing LEO tokens.

KCooper
KCooper
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