Bitfinex just reported an improvement of its financial situation - allegedly, the exchange paid back $100 million to Tether, Inc., thus covering a part of its $900 million loan facility. The repayment suggests that Bitfinex is solvent, though it still raised skeptical comments from the crypto community.
“Bitfinex is pleased to announce that on July 1, 2019, it repaid $100,000,000 of the outstanding loan facility to Tether. Bitfinex made this payment in fiat wired to Tether’s bank account. This amount was not yet due to be paid to Tether under the facility, but Bitfinex has made the prepayment based upon its financial position at the end of the second quarter of 2019.”
Bitfinex...