12/07/19 04:30 UTC-4

Metropolitan Commercial Bank in New York has closed Tether accounts

Cryptocurrencyrequest to close Tether accounts
request to close Tether accounts

A spokesman of the Metropolitan Commercial Bank said that he had closed accounts associated with the stablecoin Tether (USDT) project.


Closing Tether accounts

The disclosure of this information was related to a recent investigation, opened by the New York office of the Attorney General against Bitfinex, a popular cryptocurrency and company behind the leading Tether coin (USDT).

New York Attorney General (NYAG) claims that Bitfinex used as much as $ 900 million of its reserves, which will be used to support the USDT pegged to the dollar to cover its own losses of $ 850 million.

NYAG filed documents that indicated that Bitfinex had accounts in the Metropolitan Commercial Bank, as well as in Signature Bank.

There were three different accounts opened in Metropolitan by Bitfinex, and according to a bank representative:

“Metropolitan Commercial Bank had limited corporate operating accounts at Tether Holdings LTD, iFinex Inc. and Digfinex Inc., all with little activity.”

Then a request to close these accounts was received.

Interesting in the section: Tether, as an analog of the dollar

A representative of the New York Bank closed accounts of the stablecoin Tether (USDT) project. Recall, on July 2, through a message on its website, Bitfinex announced that it was taking steps to repay the loan, which he had taken from Tether’s “sister” company.

Editor: Alyona Nabok

See also: "Indian banks ready for mass adoption of the latest version of Ripple"

#bank #NewYork #Tether #Bitfinex



23/08/19 22:00 UTC-4

Out: Libra founders are preparing an "escape" from the project

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