Bitfinex and Tether traded illegally; New York Attorney General

Bitfinex and Tether were engrossed in rumors about their dealings. Now the New York Attorney General’s (NYAG) Office submitted a report with conclusive evidence that exhibits that the two were dealing for a much longer period of time than they claimed to and are therefore guilty of illegal trading. Cryptocurrencies claim to be much more secure than many existing financial ecosystem; however, what happens when they fall prey to the same corruption that has been eating at our society for at least the last fifty years. Bitfinex faced a huge loss at the CryptoCapital payment processor worth around eight hundred