Bitfinex and Tether back in the news
Bitfinex Chief Strategy Officer Phil Potter is leaving the company in a 'mutual parting of ways', according to Reuters. He will be replaced by CEO JL van der Velde.
Earlier this week, Bitfinex and Tether (which share a management team) released a statement from a law firm saying that their accounts held enough money to back Tether.
"As Bitfinex pivots to other strategic international markets, I felt this was a natural time for me to depart the executive team," Potter said in a statement provided by Bitfinex. "I am looking forward to new opportunities in the days ahead."
Bitcoin is down $551 to $6167 and poised for the lowest weekly close (assuming a Friday close) since October.
