
This Week In Doom Ep. 6 - Bennett Tomlin & George Noble FULL EPISODE
The Grant Williams Podcast
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Bitfenek and Tether - A Bitfinax Story
In two thousand 17, bitfneks and tether, sister companies, were both banking at a group of tiwanes banks that were using wells fargo as their us. Co pondent banking partner. Wells fargo cut off bit fenek and tether. Tethers accounting records suggested they also counted a receivable from bitfinexs account. So what ended up happening is a tether and bitfnex had given just over one billion dollars of commingled, cliented ancorporate funds to this unlicensed money transmitter who was money wandering,. And then the money launderer never gave it back.
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