CFTC Fines Tether and Bitfinex $42.5M for ‘Unfaithful or Deceptive’ Claims

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“As to the Tether reserves, there isn’t a discovering that tether tokens weren’t totally backed always – merely that the reserves weren’t all in money and all in a checking account titled in Tether’s identify, always. As Tether represented within the Order, it has at all times maintained satisfactory reserves and has by no means didn’t fulfill a redemption request,” Tether wrote.

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