TagPaolo Ardoino

'Trustworthy' Bitcoin Exchange That Hid $850 Million Loss Raises $1 Billion

Bitfinex, Tether

By CCN: Bitfinex CTO Paolo Ardoino told Twitter that the firm was able to raise $1 billion in USDT within a short period because big investors know Bitfinex is “trustworthy.” Trust, Don't Verify The New York Attorney General’s office recently opened a very public investigation into the firm. They allege much to the contrary. Tether Limited subsequently admitted it only has 74% of the reserves for...

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