Bitfinex Bitcoin Exchange reported that it transferred another $ 100 million to Tether to repay a previously taken loan of $ 700 million.
? Bitfinex Repays $ 100M of Outstanding Loan Facility to Tether.
Read more at https://t.co/UkKaNESd70– Bitfinex (@bitfinex) February 28, 2020
It is a question of repayment of the main debt, interest accrued according to the loan agreement is paid separately, Bitfinex emphasized.
It was assumed that the affiliate’s funds were needed by the exchange for a refund of $ 850 million, frozen in December 2018 by regulators at the payment provider Crypto Capital Corp.
In April 2019, the New York State Attorney’s Office accused iFinex Inc, the parent company of Bitfinex and Tether, for violating the law by hiding investors from using the USDT stablecoin reserves to cover exchange damage. The trial is ongoing.
The first $ 100 million exchange was returned by Tether last July.
Bitfinex is trying through the court to return assets frozen in Crypto Capital. Meanwhile, the founder of the payment company was charged with bank fraud, and its president with money laundering and participation in a drug cartel.
Recall that in May last year, Bitfinex raised $ 1 billion during the private placement of LEO tokens.
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