Bitfinex and Tether: A Financial Meltdown

This chapter examines the financial crisis at Bitfinex, stemming from its connection to Crypto Capital and the mysterious disappearance of $850 million. It highlights the potential manipulation of Bitcoin prices and the lack of formal agreements that contributed to customer trust issues and regulatory scrutiny. The discussion also touches on Tether's questionable financial practices and the ramifications of its collapse on the cryptocurrency market.