Bitfinex Says It’s Nearly Done Turning Over Documents to NYAG
The document production process has already stretched over a year.
The action follows allegations of fraud against the app in February.
New York Attorney General Letitia James issued an alert to cryptocurrency investors and a strongly worded warning to industry participants.
Andrew Borrok appointed a receiver for the embattled automated trading app.
“While we believe this is a pretty sad attempt at a shakedown, we take it seriously," the company tweeted.
FINRA, the SEC and the New York Attorney General’s Office are all making enquiries into the trading app provider.