Bitfinex and Tether Exodus Leads to 7th Most Confirmed Bitcoin Transactions in a Day

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Yesterday’s news of Bitfinex being accused by the New York Attorney General’s office of potentially covering up the loss of $850 million using Tether reserves has caused Bitcoin and the crypto market to plummet and investors to panic, not only about the diminishing value of their holdings, but over the entire integrity of the crypto market structure due to its over reliance on the controversial stablecoin.

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