Advertisement
Australia markets closed

  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     

  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     

  • AUD/USD

    0.6502
    +0.0002 (+0.03%)
     

  • OIL

    82.86
    +0.05 (+0.06%)
     

  • GOLD

    2,345.00
    +6.60 (+0.28%)
     

  • Bitcoin AUD

    97,462.78
    -4,290.54 (-4.22%)
     

  • CMC Crypto 200

    1,355.87
    -26.70 (-1.93%)
     

  • AUD/EUR

    0.6076
    +0.0006 (+0.10%)
     

  • AUD/NZD

    1.0957
    +0.0015 (+0.14%)
     

  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     

  • NASDAQ

    17,526.80
    +55.33 (+0.32%)
     

  • FTSE

    8,070.98
    +30.60 (+0.38%)
     

  • Dow Jones

    38,460.92
    -42.77 (-0.11%)
     

  • DAX

    17,913.01
    -175.69 (-0.97%)
     

  • Hang Seng

    17,284.54
    +83.27 (+0.48%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

UPDATE 1-Short-seller Hindenburg offers $1 mln for info related to cryptocurrency Tether

Reuters
·1-min read

(Adds Tether response)

Oct 20 (Reuters) - Short-seller Hindenburg Research, which in recent months has taken aim at firms including Nikola Corp and DraftKings Inc, announced a reward of up to $1 million for information on the reserves that back cryptocurrency Tether.

In a statement on Tuesday, the short-seller said Tether's disclosures around its holdings have been "opaque".

The U.S. Commodity Futures Trading Commission fined the company behind Tether $41 million last week to settle civil charges over allegedly making misleading statements and making illegal transactions.

The firm behind the digital currency Tether said in an email it understands its responsibility and will continue to focus on its "customers' requirements and defending the crypto markets".

Tether is a major player in the stablecoin market. Stablecoins are digital tokens usually backed by reserves of dollars or assets. (Reporting by Niket Nishant in Bengaluru; Editing by Shounak Dasgupta)