Hours after experiencing a major denial of service attacks (DDoS) attack, Bitfinex has announced it repaid some other office of the loan facility to Tether.

In a Feb. 28 web log post, Bitfinex revealed that the cryptocurrency exchange repaid $100 1000000 of outstanding loan facility to major stablecoin operator Tether (USDT).

Similarly to a previous repayment in July 2022, Bitfinex processed the transaction in fiat via wire transfer wired to Tether'southward bank account. Co-ordinate to the postal service, the payment has been made "all on account of principal," while interest on all amounts due nether the facility agreement has been prepaid upwards to March 2022.

The new $100 one thousand thousand repayment marks yet another move in the long-term controversial relationship of Bitfinex and Tether equally both companies are facing course lawsuits accusing them of crypto marketplace manipulation. Despite the crypto customs being actively involved in the class-activeness lawsuit, with famous Bitcoin (BTC) influencer Andreas Antonopoulos recently expressing support for one of the legal teams in the case, both Bitfinex and Tether continue to deny allegations that the companies were involved in manipulating the crypto market.

As such, Tether has again ridiculed allegations that the company used its The states-pegged stablecoin USDT for manipulating Bitcoin's price earlier today. In some other statement, iFinex, the firm behind Tether, argued that market place manipulation claims are "reckless and false," stating:

"The allegations in the complaint are without merit or legal basis, and exhibit a fundamental lack of understanding of the market structure of cryptocurrencies. Indeed, it is reckless and false to criminate that USDT tokens are issued in lodge to dispense markets."

Moreover, Tether is besides subject of another controversial topic in the crypto community, largely based on the existing skepticism over Tether'south reserve policy. Launched in 2022, Tether is the first-e'er stablecoin to be backed past the U.s.a. dollar at one:one ratio. For the by two years, industry critics speculated that Tether did not take the appropriate amount of greenbacks reserves in its bank accounts to dorsum the amount of USDT in circulation.

Earlier today, Tether'south chapter exchange Bitfinex suffered multiple DDoS attacks aslope another major global crypto exchange OKEx. Subsequently, OKEx CEO Jay Hao offered a compensation to the team responsible for the hack, arguing that OKEx was well-prepared to deal with such types of attacks. As a result of the attack, Bitfinex reportedly went to maintenance mode, with substitution representatives afterward challenge that the squad implemented a "stricter protection level" as normal activity was resumed.