Paradise Papers Reveal Bitfinex’s Giancarlo Devasini and Philip Potter Established Tether in 2014

Bitfinex’s Giancarlo Devasini and Philip Potter has been named in the Paradise Papers – an enormous data leak identifying over 120,000 companies and individuals who have employed the services of offshore service providers operating in ‘tax havens’. The leaked documents contain evidence that Giancarlo Devasini and Philip Potter established Tether in the British Virgin Islands already back in 2014.

The Paradise Papers Reveal That Appleby Assisted Philip Potter and Giancarlo Devasini Set up Tether in the British Virgin Islands in 2014

Bitfinex’s Giancarlo Devasini and Philip Potter have been identified in the recent Paradise Papers leak. Italian media outlet, Nuova Societa, describes the leak as revealing “specialized companies to carry capital in tax jurisdictions other than their country of origin.”

The leak saw the release of approximately 13.4 million files which were leaked to the German newspaper Suddeutsche Zeitung, before being forwarded to the International Consortium of Investigative Journalists (ICJC). The Paradise Papers comprises the second largest data leak in history, second only to the Panama Papers leak of 2016…

Read Full: Paradise Papers Reveal Bitfinex’s Giancarlo Devasini and Philip Potter Established Tether in 2014