Crypto markets are in turmoil. A “Black Swan” has flown in from New York, where the local Attorney General’s office has revealed that, “iFinex, the operator of both Bitfinex and Tether Limited (the firm behind USDT), had come under legal pressure from a key U.S. legal entity.” An alleged fraud of $850 million is the storyline. Bitcoin prices immediately fell from $5,550 down to $5,050, but have recovered to $5,200.

https://www.leaprate.com/cryptocurrency/bitcoin/cryptos-crash-over-alleged-850-million-fraud-at-bitfinex-btc-down-7/