Bitfinex and Tether remain suspicious

In recent months, the fourth largest platform of exchanges in the world according to CoinMarketCap, has been in a situation of uncertainty and legal suspicions, even being summoned to testify before a jury. If you want to remember or know more about it, we invite you to read our posts .

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These suspicions are strongly related to the Tether cryptocurrency, which has been controversial since its creation, because people doubt that a digital currency can have a 1: 1 relationship with the US dollar, suspecting that there are actually reserves to back such claims. .

Currently, people increase their doubts regarding this duo with each statement related to them. In this article we will explain the 2 most recent ones:

Director of strategy of Bitfinex says goodbye to the platform

Bitfinex Chief of Strategy (CSO) Phil Potter resigned from the company as reported by Reuters on the 22nd. Potter will be replaced in the meantime by Bitfinex CEO Jean-Louis van der Velde.

Potter commented that it was the "natural moment for him to leave the executive team", while Bitfinex turned to "other strategic international markets". According to Reuters, he referred to "new opportunities" to come, but did not give more specifications.

This fact increases the distrust of the people for the mere reason of uncertainty, wondering what happened for such a sudden decision, including some speculating in forums that, their resignation occurs to be able to wipe the hands of the activities of Bitfinex and Tether.

Tether conspires against BTC

Earlier this month, the University of Texas published a research paper alleging that the Tether token could have been used to manipulate the price of Bitcoin (BTC) last year during its dizzying rise.

If these studies prove to be correct, it would imply that these companies would be related to the recent fall of the currency, being the cause of the situation. Such statements could bankrupt them for how the community would react.

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An interesting detail that can be observed is that, although there are suspicions and uncertainty, people continue to use Bitfinex and give it its current position, reflecting confidence in the platform. With respect to Tether it is more difficult to conclude, because since its creation the skeptics have attacked and discredited it.