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Bitfinex withdraws nearly $189 million in Bitcoin and Ethereum

Cryptocurrency exchange Bitfinex has withdrawn almost $189 million in Bitcoin and Ethereum from its cold wallets, The Block reports. Bitfinex, which doubles as the owner of USD stablecoin Tether (USDT), hasn’t publically explained the reason for the withdrawal but comes shortly after both companies are facing an investigation over potentially missing funds. The Block goes on to say that the exchange has also moved large amounts of Ethereum around - about $96 million worth. It’s not immediately clear whether the wallets where the funds were transferred to is also owned by Bitfinex or whether it was triggered by Bitfinex’s customers taking their funds out of the exchange.