> open event/sog_ev_usdt_2021_02_nyag_settlement
NYAG settlement with Bitfinex and Tether entities
The New York Attorney General announced a settlement involving Bitfinex and Tether entities. SOG records this as regulatory and reserve-disclosure lifecycle context, not as a peg-failure event.
Impacthigh
Sources1
Tether USDt
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Tether
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Depeg guide
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| Date | 2021-02-23 |
|---|---|
| Type | regulatory_settlement |
| Stablecoin | Tether USDt (USDT) |
| Issuer | Tether |
| Impact | high |
| Status effect | none |
| Recovered | — |
| Recovery date | — |
| Failure / mechanism | regulatory_reserve_context |
| Confidence | medium |
| Sources | 1 |
| Source | Publisher | Type |
|---|---|---|
| Attorney General James ends virtual currency trading platform Bitfinex's illegal activities in New York | New York Attorney General | regulatory_source |
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