NYAG Pushes Back on Bitfinex’s Claim That State’s Investigation Is Burdensome
The New York Attorney General office pushed back on Bitfinex's complaints about the cost of complying with the agency's demands for documents.
The company claims that plaintiffs cannot prove Tether transactions caused bitcoin’s surge or that damages were incurred.
A New York judge has rejected the state attorney general's request to have Bitfinex and Tether compile documents during an ongoing appeal.
The U.S. Securities and Exchange Commission (SEC) has charged Shopin and its founder Eran Eyal with fraud after a $42 million initial coin offering.
Bitfinex may be enjoying a break from having to give documents to investigators, but it should be preparing for when the reprieve ends, the NYAG said.
A division of the New York Supreme Court has ruled Bitfinex can stop turning over documents to state investigators.