Tether and Bitfinex receive a court summons, to give an account of where the USDT cryptocurrencies come from, something that is disclosed, after Tether and the auditor Friedman LLP break off relations.

If we recently commented that Tether had broken with the firm that audited the funds and the situation of the company, which has developed the USDT, a cryptocurrency linked to the US dollar, the problems increase. The Futures Trading Commission or CFTC, has sent court summons to Bitfinex, one of the most important exchange houses in the market worldwide, and to Tether on Tuesday. Now is when the summons has been released, but it seems that the summons was sent on December 6, 2017.

Bitfinex and Tether have the characteristic of being the same CEO, who first created the exchange house and then the cryptocurrency linked to the dollar. A communicated to the media, alleging that 'we routinely receive legal communications from law enforcement and regulators. It is our policy not to comment on those requirements'

The last audit of Tether dates from September 28, 2017, which can be seen on the web and is signed with Friedman LLP, with whom, coincidentally, they have cut relations a few days ago, claiming that the process was being ridiculously slow . The existing dollar reserves on September 15, 2017, were approximately 442.98 million dollars, distributed in banks, while in circulation as of today, there are 442.48 million USDT, according to data from CoinMarketCap.

Tether and Friedman LLP have broken relations, the situation for USDT is not exactly the best, since users are beginning to be uncomfortable with their way of operating. Tether has issued in the last two and a half months about 1.8000 billion USDT, which, according to Tether itself, is backed by 2.000 billion dollars. This statement is not supported by anything and of course, it does not like it in the cryptocurrency market.

There are a few players in the cryptocurrency community who have been warning about USDT and Bitfinex for a long time, especially after the increase in the issuance of USDT on November 1, 2017. Last November 310 million USDT were issued, in December 613 million USDT and in January 897 million USDT have already been issued. We must emphasize that, curiously, on January 27 about 600 million USDT were issued and of course, they do not know where they come from.

There are many voices that point out that this increase in the number of USDT is an attempt to solve the financial problems that Bitfinex could have, trying to increase the capital of this cryptocurrency, to save the exchange house, although of course, the rumors are of the most diverse. This cryptocurrency is not without controversy since it hit the market and although it is used by some exchange houses, the situation could end up changing if the accounts are not audited and it is not seen where all these USDT that are injected into the market come from. market.