Also covered are a South Korea-based challenger bank, cold storage, and a ride-hailing financing.
1. Crypto exchange sued by NY Attorney General
The New York Attorney General sued cryptocurrency exchange Bitfinex and affiliated stablecoin Tether for misleading clients and is investigating the companies for ongoing fraud. The documents allege that Bitfinex borrowed at least $700M from Tether reserves in order to cover a loss or theft from a third party.