The announcement by the Attorney General is quite biased and doesn't tell the full story. For a better understanding, I invite you to read the official settleme

The announcement by the Attorney General is quite biased and doesn't tell the full story. For a better understanding, I invite you to read the official settlement agreement[0] and Tether's (obviously biased) take on it[1]. It seems that Bitfinex funds were frozen by government agencies and that Tether temporarily provided a line of credit to Bitfinex while awaiting for the funds to be released. The line of credit was repaid in full as of January 2021, according to the settlement. I'm not saying Bitfinex/Tether acted irreproachably, they surely could have been a bit more transparent about what was going on. But I have some empathy for them. They wouldn't have been put in that difficult situation if it weren't for the insanely restrictive regulatory environment that made it impossible for them to obtain banking relationships. [0] https://ag.ny.gov/sites/default/files/2021.02.17_-_settlement_agreement_-_execution_version.b-t_signed-c2_oag_signed.pdf https://ag.ny.gov/sites/default/files/2021.02.17_-_settlemen... [1] https://tether.to/tether-and-bitfinex-reach-settlement-with-new-york-attorney-generals-office/ https://tether.to/tether-and-bitfinex-reach-settlement-with-...