Bitfinex is in the coming altcoin news again for a new withdrawal of funds that was worth almost $90 million. The new Bitfinex withdrawal saw the funds being moved from the exchange’s cold wallet according to the cryptocurrency news outlet The Block which confirmed the news on April 26.
There was no public explanation about the new Bitfinex withdrawal from the exchange itself. Speaking of, Bitfinex has the same owner as the USD stablecoin Tether and is still not commenting anything about the recent debacle over potentially missing funds.
Over the past 12 hours, the exchange managed to move large amounts of Bitcoin (BTC) and Ether (ETH) from its wallets to an unknown address as well as smaller amounts of other coins including Maker Dao (MKR) – with all of it being reported by many best cryptocurrency news sites.
The new Bitfinex withdrawal also included an accusation by the United States Attorney General in New York which said that the exchange is using Tether power to cover a rumored $850 million funding gap with the reserves meant for backing the stablecoin.
Bitfinex made the latest cryptocurrency news by responding with anything about the accusations. The only comment about the Bitfinex withdrawal was a blog post in which the exchange said that both the platform and Tether (USDT) are financially sound.
“The New York Attorney General’s court filings were written in bad faith and are riddled with false assertions, including as to a purported $850 million ‘loss’ at Crypto Capital,” a statement released on Friday read.
It also continued while mentioning the new Bitfinex withdrawal.
“On the contrary, we have been informed that these Crypto Capital amounts are not lost but have been, in fact, seized and safeguarded. We are and have been actively working to exercise our rights and remedies and get those funds released.”
All of the latest Bitfinex withdrawals coincide with users signalling that the user base on Bitfinex had begun taking funds out as a safeguarding procedure. Among them, rumors say that the UK-based entrepreneur Alistair Milne has been playing things the safest, withdrawing a sum that is worth at least $1 million.
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