Tether responds to academic paper on bitcoin manipulation; calls it 'flawed' and 'embarrassing'

Tether has issued an official response to an updated paper republished early this week by two U.S. academics who claimed a single market whale on Bitfinex likely manipulated bitcoin's surge in 2017.

Tether states the authors of the updated paper released a "weakened yet equally flawed version of their prior article," calling the paper "a watered-down and embarrassing walk-back of its predecessor."

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy