Contact Us

+350 20079000 info@hassans.gi

This data will only be used by Hassans for processing your query and for no other purpose. View our privacy policy
| 1 minute read

Tether & Bitfinex reach settlement with New York AG

Tether and Bitfinex have both issued the same press release confirming the settlement here: 

https://tether.to/tether-and-bitfinex-reach-settlement-with-new-york-attorney-generals-office/

and here:

https://www.bitfinex.com/posts/608

The biggest takeaway from this is that USDT has undergone the forensic scrutiny of the New York Attorney General's Office and it has not found that any USDT has ever been issued without backing. The opposite would have been quite the blow to the crypto markets with USDT being by far the cryptocurrency with the most volume. It will be interesting to see how the markets react to this news given the recent slump.

Contrary to online speculation, after two and half years there was no finding that Tether ever issued tethers without backing, or to manipulate crypto prices. tether.to/...

Top-ranked in all practice areas in Legal 500 EMEA 2024

Hassans is pleased to announce that it has once again achieved top tier rankings in all areas covered by Legal 500 EMEA for Gibraltar....

Posted on
Read more

Latest Insights

Going Green to Strike Gold

Abu Dhabi conglomerate IHC's change in strategy (in purchasing mining concessions as opposed to funding established operators in exchange...

Posted on
Read more

Streamline Your Payroll Operations

Navigating the complexities of payroll management in Gibraltar can be challenging and time consuming, leading many business owners to...

Posted on
Read more

Gibraltar Young Enterprise ’24 Winner Announced

Hassans' Partner Andrew Montegriffo was one of three judges on the panel at this year’s Young Enterprise Gibraltar Finals, at which Vital...

Posted on
Read more