Tether and its associated companies reportedly had accounts with Metropolitan Commercial Bank for the past half a year, and now the financial organization has reportedly closed those accounts following an earlier request made last year. A bank representative aforesaid that Tether has not shown abundant activity with these accounts since after their establishment:
“Metropolitan Commerical Bank had restricted, corporative operating accounts with Tether Holdings LTD, iFinex Inc, and Digfinex Inc., all with negligible activity, and requested the accounts to be closed after less than 5 months of the accounts being opened.”
Just yesterday, the work-office of the NY Attorney General ‘submitted‘ around 30 documents that allegedly demonstrate that ‘cryptocurrency‘ exchange Bitfinex and USDT have, in fact, been in operation within New-York, whereas the defendants argued differently.
The documents refer to the long legal battle initiated via a court filing earlier in April by the NY Attorney General named ‘Letitia James’, who suspected that the two organizations of ‘defrauding‘ investors within the state via a massive $850 Mln loss cover-up.
Also earlier this month, Bitfinex ‘declared‘ that it repaid $100 Mln of the total outstanding loan facility to Tether via wire transfer to Tether’s bank account. While the amount was not yet due to be paid to the operator beneath the facility, the exchange decided to complete the pre-payment based on its financial position at the end of Q2 this year. ‘Bitfinex‘ added:
“Also on 1st July, Bitfinex completely paid all interests beneath the loan facility to Tether up to the end of day on 30th June, this year, conjointly in fiat.”