Tether / Bitfinex Debacle – The Industry Needs Transparency says CTO of Neutral

The New York Attorney General’s (NYAG) office revealed on Thursday that iFinex, the company behind both Tether (USDT) and Bitcoin exchange Bitfinex, is coming under investigation for fraud. As a result of this news, Bitcoin dropped by 5% in a span of just under thirty minutes, showing the sheer impact this has had on the space.   On the back of this, Neutral, an open financial protocol, offering financial instruments to the cryptocurrency space comments on the investigation.  Neutral recently launched its first product; Neutral Dollar (NUSD) — an aggregated…

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