Moreover, Bakkt described the way how the architecture of its crypto wallets works: the majority of assets are stored offline in air-gapped cold wallets that are insured with a 0,000,000 policy underwritten by leading global insurance carriers. NYAG’s attorney general, Letitia James, announced that she had received a court order against Bitfinex operator iFinex Inc. as well as against Tether, ordering them to stop violating New York law and defrauding the city’s investors....
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Moreover, Bakkt described the way how the architecture of its crypto wallets works: the majority of assets are stored offline in air-gapped cold wallets that are insured with a 0,000,000 policy underwritten by leading global insurance carriers. NYAG’s attorney general, Letitia James, announced that she had received a court order against Bitfinex operator iFinex Inc. as well as against Tether, ordering them to stop violating New York law and defrauding the city’s investors....
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Moreover, Bakkt described the way how the architecture of its crypto wallets works: the majority of assets are stored offline in air-gapped cold wallets that are insured with a 0,000,000 policy underwritten by leading global insurance carriers. NYAG’s attorney general, Letitia James, announced that she had received a court order against Bitfinex operator iFinex Inc. as well as against Tether, ordering them to stop violating New York law and defrauding the city’s investors....
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In addition to that, Bakkt claims it uses FIPS 140–2 level 3 or higher hardware security modules (HSM) to manage and secure its warm wallet cryptographic keys. She said: Our investigation has determined that the operators of the Bitfinex trading platform, who also control the tether virtual currency, have engaged in a cover-up to hide the apparent loss of 0 million dollars of co-mingled client and corporate funds. Wan said: I just dont see how this can be sustainable, it wont make Tether...
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Moreover, Bakkt described the way how the architecture of its crypto wallets works: the majority of assets are stored offline in air-gapped cold wallets that are insured with a 0,000,000 policy underwritten by leading global insurance carriers. NYAG’s attorney general, Letitia James, announced that she had received a court order against Bitfinex operator iFinex Inc. as well as against Tether, ordering them to stop violating New York law and defrauding the city’s investors....
Read More
Moreover, Bakkt described the way how the architecture of its crypto wallets works: the majority of assets are stored offline in air-gapped cold wallets that are insured with a 0,000,000 policy underwritten by leading global insurance carriers. NYAG’s attorney general, Letitia James, announced that she had received a court order against Bitfinex operator iFinex Inc. as well as against Tether, ordering them to stop violating New York law and defrauding the city’s investors....
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