Updated 10:55 UTC with Bitfinex Statement.
Bitfinex, an exchange beleaguered by accusations of losing up to $850 million, has denied the loss in a recent statement. The exchange operator claimed the recent investigation by the New York Attorney General was made in bad faith, and that funds left with the Crypto Capital payment provider were not lost.
“The New York Attorney General’s court filings were written in bad faith and are riddled with false assertions, including as to a purported $850 million “loss” at Crypto Capital. On the contrary, we have been informed that these Crypto Capital amounts are not lost but have been, in fact, seized and safeguarded,” Bitfinex explained.
An earlier report pointed that Bitfinex, one of the pivotal cryptocurrency exchanges, may have used its Tether (USDT)
