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"Tether, Bitfinex to pay $18.5M to NYAG, cease trading in New York"

2021-02-03 [vendor] Tether pays penalty to New York
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Incident Details

The stablecoin Tether swears up and down that it’s fully backed by actual currency, but the New York Attorney General doesn’t agree. Tether paid $18.5 million in penalties, was banned from trading in New York, and agreed to submit transparency reports for two years in exchange for ending the long-running legal dispute.

Technical Details

Vendor / Product
Tether pays penalty to New York

Timeline

  1. 2021-02-03 Breach occurred
  2. 2021-02-03 Publicly disclosed