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New York Judge orders Tether to document USDT backing

The order was published on Tuesday as a part of a case that started back in 2019 — the initial complaint by a group of investors against iFinex, Tether and Bitfinex’s parent company, alleged that the firm manipulated the crypto market by issuing unbacked Tether with an intention to inflate the price of cryptocurrencies like Bitcoin (BTC).

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Source: Cryptocurrency - investing.com

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