Bitcoin Battered Below $10k After Bitfinex, Tether Subpoena’d
by Tyler Durden
ZeroHedge.com
Tue, 01/30/2018
Update 1255ET: Bloomberg reports that U.S. regulators are scrutinizing one of the world’s largest cryptocurrency exchanges as questions mount over a digital token linked to its backers. This follows reports of the company severing its relationship with its auditor.
As Bloomberg details, the U.S. Commodity Futures Trading Commission sent subpoenas last week to virtual-currency venue Bitfinex and Tether, a company that issues a widely traded coin and claims it’s pegged to the dollar, according to a person familiar with the matter, who asked not to be identified discussing private information.
The firms share the same chief executive officer.
“We routinely receive legal process from law enforcement agents and regulators conducting investigations,” Bitfinex and Tether said Tuesday in an emailed statement. “It is our policy not to comment on any such requests.”
The reaction in cryptos was modest but lower as Bitcoin tumbled below $10k once again…
The Rest…HERE
