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Bitcoin-rigging criminal probe focused on tie to Tether

Section: Daily Dispatches

By Matt Robinson and Tom Schoenberg
Bloomberg News
Tuesday, November 20, 2018

As Bitcoin plunges, the U.S. Justice Department is investigating whether last year's epic rally was fueled in part by manipulation, with traders driving it up with Tether -- a popular but controversial digital token.

While federal prosecutors opened a broad criminal probe into cryptocurrencies months ago, they have recently homed in on suspicions that a tangled web involving Bitcoin, Tether, and crypto exchange Bitfinex might have been used to illegally move prices, said three people familiar with the matter. ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2018-11-20/bitcoin-rigging-crimi...



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