'The U.S. Commodity Futures Trading Commission sent subpoenas on Dec. 6 to virtual-currency venue Bitfinex and Tether, a company that issues a widely traded coin and claims itโs pegged to the dollar, according to a person familiar with the matter, who asked not to be identified discussing private information.'
I wonder if the auditor made a 'noisy withdrawal', basically alerting the regulators that this company is fraudulent.
Looks a bit ugly, but works.
Look up E-gold if you want to feel the experience of history repeating itself. For bonus points check the dates when E-Gold was shutdown and when bitcoin was created.
That's...an unwarranted conclusion.
If this were all done and resolved, then Bitfinex would have a strong incentive to say that clearly, specifically, and unequivocally. The fact that they aren't and CFTC isn't commenting strongly suggests that the process starting with the subpoena is ongoing.