The Commodity Trading Futures Commission of the United States (CTFC) began a close study of the activities of one of the leading crypto-exchange exchanges Bitfinex and Tether, sending representatives of both organizations summonses to the court. This is reported by Bloomberg.
Against the backdrop of this news, the price of bitcoin, which had been in the negative trend for the past two days, quickly went down, dropping for a short time below $ 10,000.
Bitcoin Price Chart
So, at Bitfinex, the bitcoin rate dropped to $ 9,900, while on the other popular Bitstamp exchange the price the first cryptocurrency fell to $ 9731.
We routinely receive legal process from law enforcement agents and regulators conducting investigations. It is our policy not to comment on any such requests.
Bitfinex and Tether in email statement
Representatives of the CFTC have not yet commented on the news.
The publication notes that Bitfinex and Tether on their websites and public documents don't disclose their exact location and the names of managers, in December last year a representative of both firms, Ron Torosyan, acknowledged the ties between Tether and Bitfinex.
Rumors about the relationship between the two organizations have been around for a long time, but only after the leakage and publication of the Paradise Papers were factually confirmed. As stated in the documents, in the past, Potter was the director and founder of Tether, and Devazini is the shareholder of the company. The dossier is also referred to by the New York Times, which at one time published a large article about the controversy surrounding Bitfinex and Tether.