FTX firm had agreement with Bitfinex for 'fiat integration'
The FTX estate recently published an amended statement of financial affairs which details the known contracts, assets, and liabilities for FTX companies. Among the contracts is one for ‘fiat integration and revolving loan agreement’ with iFinex Inc. that’s dated October 16, 2020. iFinex is one of the entities that operates the Bitfinex cryptocurrency exchange, the sister firm of the world’s largest stablecoin Tether. Protos has reached out to Bitfinex to determine the nature of this agreement and whether or not the company has exposure to FTX. Tether has previously stated that “Tether is completely unexposed to Alameda Research or FTX.” Tether Papers: This is exactly who acquired 70% of all USDT ever issued Previous Protos reporting has pointed out that Alameda Research was one of the largest issuers of Tethers, receiving in excess of $36.7 billion worth of the token . After iFinex and Alameda Research entered into this agreement , the q...