New York shuts cryptocurrency exchanges which hid losses

New York (AFP) Feb 24, 2021

New York state authorities said they reached an agreement to shut down activities of two cryptocurrency trading platforms which hid an estimated $850 million in losses. State Attorney General Letitia James said the agreements this week with Bitfinex and Tether would end all trading activity with New Yorkers and require penalties totaling $18.5 million. James's office began investigating