Bitcoin remained under pressure Friday, a day after New York’s attorney general’s office said it had obtained a court order against iFinex Inc., the operator of the Bitfinex cryptocurrency exchange, in relation to an alleged $850 million coverup.

“Our investigation has determined that the operators of the ‘Bitfinex’ trading platform, who also control the ‘tether’ virtual currency, have engaged in a coverup to hide the apparent loss of $850 million of co-mingled client and corporate funds,” said New York Attorney General Letitia James, in a news release.

The filing claims Bitfinex and Tether engaged in “undisclosed, conflicted transactions…

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