Tether Scandal Could Cause Big Bitcoin Short Squeeze, Boosting BTC: Analyst

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Last week, the crypto community was shocked when the New York Attorney General’s (NYAG) office revealed that Tether Limited, the issuer of the USDT asset, and world-renowned Bitcoin (BTC) exchange Bitfinex may be in precarious financial standing.

Related Reading: Bitcoin and Crypto Investors Are Torn Over Using Bitfinex After Accusation

Respected sources, however, claim that Bitfinex is trying to get off of the purported thin ice, potentially through a deal that could be valued at as much as…



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