A chronological history of Tether

Tether and Bitfinex have been center of attention for more than a week, following the news that New York State Attorney General is suing the parent company iFinex for engaging in a cover-up to hide the apparent loss of $850 million of co-mingled client and corporate funds.

Both Tether and Bitfinex claim they are "financially strong" and that the "court filings were written in bad faith and are riddled with false assertions." Moreover, Tether said that the amounts "are not lost but have been, in fact, seized and safeguarded."