Giant cyber money trading platform Bitfinex, as well as token issuer Tether, have recently been summoned by American regulators given the growing hunch concerning Tether’s valid value.
Scandalous Subpoenas
Referring to an anonymous source, acquainted with the case, New York Times journalist Nathaniel Popper wrote in his micro-blog on Twitter that subpoenas were conveyed to companies not last week, as media reported previously, but on December 6, 2017.
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In the meantime, on January 30, Bloomberg Technology, citing two unnamed sources, informed that the Tether’s theoretical USD peg had been surmised recently. Officials, in their turn, have been questioning issuer’s activities. Bloomberg quoted email responses from Tether and Bitfinex:
“We routinely receive legal process from law enforcement agents and regulators conducting investigations.”
Notwithstanding the above, the sources refused to reveal any further details on the matter in view of their policy.
What’s The Matter?
Disputes sparked around Tether after last year changeability, and hearsay over BTC price garble resurfaced. It is important to emphasize that this platform's CEO – Jan Ludovicus van der Velde – simultaneously holds a position of Bitfinex’s chief executive officer.
According to the Cointelegraph, the reason why exactly the companies were summoned by US regulators is left unknown. Anyway, such course of events has not been overwhelming as social media already started keeping an eye on the case before Bloomberg’s revelation. And there have been controversial comments on the issue.
In particular, WhalePanda, who has become famous for the micro-blog on Twitter concerning business, pointed out at the deficiency of a hookup between two companies and American officials.
By the way, on Tuesday, before Bloomberg reported about subpoenas, Tether coin’s price was fixed at $1.01. However, after the news release, it plunged below one-dollar margin to $0.97. At the moment of writing, Tether’s being traded at $0.95.
