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NY AG’s $850M Probe of Bitfinex, Tether Ends in an $18.5M Settlement

In a closely watched case with wide-ranging implications for the crypto market, Tether has admitted no wrongdoing and will provide reports on USDT’s reserve composition for two years.

By Nikhilesh De

Updated Sep 14, 2021, 12:15 p.m. Published Feb 23, 2021, 12:52 p.m.

New York Attorney General Letitia James. The NYAG's office settled a long-running investigation into Bitfinex and Tether.