I would also prefer to trust that source, however it is written as a press release. So they write it to make them look as positive as they can and stress the Bitfinex bad points. The blockcrypto article seems to indicate that the accounts were now balanced, but the ag.ny.gov makes no mention of it, which is expected if they are still trying to paint bitfinex as a wrongdoer, but calls into question their impartiality, so it becomes difficult to accept either at face value.
The settlement agreement[1] I suspect is a good middle ground.
It looks like the NYAG believes the loan from bitfinex to tether has now been repaid, but makes no claims about either having sufficient reserves to cover liabilities.
> I would also prefer to trust that source, however it is written as a press release. So they write it to make them look as positive as they can and stress the Bitfinex bad points.
Whereas theblockcrypto is quoting Bitfinex's counsel who is weasel wording over people's understanding of what a "finding" is at law?
> The blockcrypto article seems to indicate that the accounts were now balanced
Given that in 2019, Tether's lifetime holdings were $2.1B and even that was not fully backed, and they're now printing $3.5B a week, I'm intensely curious how they are comfortable drawing that conclusion.
