Anonymous Coward
User ID: 77136850
 Greece
11/20/2018 12:42 PM
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Report Copyright Violation | US Department of Justice launches ANOTHER probe into Tether/Bitfinex for RIGGING Bitcoin prices As Bitcoin plunges, the U.S. Justice Department is investigating whether last year’s epic rally was fueled in part by manipulation, with traders driving it up with Tether -- a popular but controversial digital token.
While federal prosecutors opened a broad criminal probe into cryptocurrencies months ago, they’ve recently homed in on suspicions that a tangled web involving Bitcoin, Tether and crypto exchange Bitfinex might have been used to illegally move prices, said three people familiar with the matter.
The Justice Department’s probe adds to an existing inquiry into possible misconduct. Both Tether Ltd. and Bitfinex received subpoenas last year from the U.S. Commodity Futures Trading Commission, Bloomberg reported in January. The Justice Department and CFTC are coordinating their examinations, the people said.
It couldn’t be determined whether government officials are solely investigating activity that occurred on Bitfinex or if exchange executives are suspected of illegal behavior. Neither the Justice Department nor the CFTC has accused anyone of wrongdoing, and authorities may ultimately conclude that nothing illicit occurred.
A focus of the Justice Department’s investigation is whether the dramatic rise of digital tokens in recent years was purely driven by actual demand, or was partially fanned on by market tricks. Along with the CFTC, prosecutors have been looking into a number of trading strategies, including spoofing -- the illegal practice of flooding the market with fake orders to trick other traders into buying or selling, Bloomberg reported in May. [ link to www.bloomberg.com (secure)] |
RockinRolla
User ID: 76826836
 United Kingdom
11/20/2018 12:52 PM
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Report Copyright Violation | Re: US Department of Justice launches ANOTHER probe into Tether/Bitfinex for RIGGING Bitcoin prices They just want to get rid of evidence for their pedo buddies and clear their names. Nothing will come out of this. Tether will be ruled as innocent and legit. Mark my words. Those who control the money printer control justice (injustice).  |
