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4.
Bitfinex and Tether have experienced some issues with the banking system.
In April 2017, Tether underwent a cut to wire transfer services from Taiwanese banking partners. Later that month it was international customers who found their wire deposits frozen.
Here is the official statement:
“Since April 18, 2017, all incoming international wires to Tether have been blocked and refused by our Taiwanese banks. As such, we do not expect the supply of tethers to increase substantially until these constraints have been lifted.
For customers with bank accounts outside of Taiwan, we are diligently pursuing alternate funding channels. New banking corridors are in the process of being established, and we are speaking with integrators of USDT about the possibility of intermediate customer redemption processes. Until then, we are asking our customers not to send any additional incoming wires until we can provide a reliable method of receiving funds.”
As Bitfinex filed a lawsuit against Wells Fargo, after the latter allegedly prohibited to transfer its funds internationally, Tether signed in on the suit as well.
The lawsuit was dropped later without any official statements.
But for now, the question remains open, whether Tether tokens can be redeemed.
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