February 28, 2020 Bitfinex announces it has repaid $100M loan from Tether.

Today, the cryptoasset exchange announced it had returned $100M of the $700M it had originally borrowed from Tether’s USD reserves. The move marks Bitfinex’s second $100M payment to Tether, from which it borrowed capital in order to compensate for an $850M loss resulting from its payment processor, Crypto Capital, having its funds seized by authorities.