The CTO of Bitfinex and Tether, Paolo Ardoino, is set to tell the story of Tether at the CryptoCompare’s Digital Asset Summit. He will explain how the stablecoin issuer Tether came to be, and how it managed to stay ahead in the ever-changing cryptocurrency space.

A former Digitex employee has allegedly started leaking user records on Telegram. According to reports the user claims to have “entire KYC documentation of every single user who has used the Digitex Treasury from its inception date until today” but only leaked the IDs of three so far.

Wilshire Phoenix has reacted to the SEC’s rejection of its Bitcoin ETF proposal, arguing the regulator did investors a “disservice” by not providing them with regulated products such as ETFs.

Top stories in the Crypto Roundup today:

• Bitfinex CTO to Go into Tether's Story at CryptoCompare's Digital Asset Summit
• Former Digitex Employee Allegedly Stole Over 8,000 User Records
• Wilshire Phoenix Rips SEC for Rejecting Its Bitcoin ETF Proposal

At the time of writing, bitcoin (BTC) is trading at $8,665.21 (1.43%) with a daily Top Tier volume of $2.28. As for ether (ETH), it is trading at $221.47 (0.64%) with a daily Top Tier volume of $1.21 billion. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 3,240.54 (1.96%)

Bitfinex CTO to Go into Tether's Story at CryptoCompare's Digital Asset Summit

Paolo Ardoino, the CTO of cryptocurrency exchange Bitfinex and stablecoin issuer Tether, is set to go into the story of the latter in an industry-first keynote at the CryptoCompare Digital Asset Summit.

During the event Ardoino will provide insights into how Tether has managed to keep innovating to maintain its position in the cryptocurrency space as the world’s leading stablecoin issuer, with the USDt token accounting for over 75% of all Bitcoin trading volume.

The keynote, dubbed “The Story of Tether” will go into Tether’s inception and success. Ardoino said:

“Through continuous innovation, Tether is stronger than ever. I am excited to share an overview of our story so far and provide a glimpse into our exciting plans for the future.”

It’s known Bitfinex and Tether share management. The firm have been accused of both manipulating the price of BTC through the issuance of the USDt token, and of ‘covering up’ an $850 million loss partly through the use of the stablecoin. Bitfinex and Tether have contested these claims.

Tether has over time added support for various fiat currencies via stablecoin. It now supports the offshore Chinese Yuan via the CNHt stablecoin, and the euro via the EURt stablecoin. Recently, it launched a cryptocurrency pegged to gold, XAUt, which is available as an ERC20 token on the Ethereum blockchain and as a TRC20 token on the TRON blockchain.

Former Digitex Employee Allegedly Stole Over 8,000 User Records

Digitex, a decentralized derivatives Exchange, has reportedly seen an ex-employee leak the documents associated with its users’ Know-Your-Customer (KYC) checks on the privacy-centric messaging platform Telegram.

The stolen data, being spread by a user going by ‘Digileaker’ reportedly includes passport and driving license scans, email addresses, and other sensitive information. In a statement issued to Cointelegraph, the Seychelles-based trading platform wrote:

“Digitex Futures is aware of a leak of confidential data. We are not able to comment fully on the incident at this time and are currently seeking legal counsel. However, we can confirm that this was not an external hack but an internal security breach orchestrated by an ex-employee with a conflict of interest against the company. We will be releasing more information on the incident as soon as possible.”

So far only the leaker has only published the information of three Digitex users, but claims he has the “entire KYC documentation of every single user who has used the Digitex Treasury from its inception date until today.”

An former employee of the firmer reportedly hijacked its Facebook account to publicly disclosed users’ email addresses last month, and in a blog post the firm detailed the breach was caused by an “internal issue” that had been perpetrated by a “scheming and highly manipulative ex-employee.”

Digitex has assured its users that “beyond email addresses” no other sensitive information was “gathered or released.”

Wilshire Phoenix Rips SEC for Rejecting Its Bitcoin ETF Proposal

The New York-based asset management firm Wilshire Phoenix has reacted to the U.S. Securities and Exchange Commission’s rejection of its Bitcoin exchange-traded fund (ETF) proposal.

The firm has stated it’s “very disappointed” in the regulator’s ruling, emphasizing it went to great lengths to ensure compliance. It went as far as making six amendments to its original application.

“We made every effort to get the SEC’s attention on this important issue, including undertaking extensive analysis that was made available to the SEC staff, submitting key data, and offering to provide additional information to facilitate the listing of a much needed regulated bitcoin-related ETP in the United States. Unfortunately, the Order shows that all of these efforts did not receive the SEC’s full attention.”

The SEC rejected the application citing market manipulation and investor protection concerns. William Herman, managing director for Wilshire Phoenix, argued the regulator was potentially harming investors by denying them access to regulated products such as ETFs.

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