Bitfinex Doesn’t Have to Compile Documents During Appeal, Judge Says
A New York judge has rejected the state attorney general's request to have Bitfinex and Tether compile documents during an ongoing appeal.
Bitfinex and Tether shouldn’t need more than two months to produce documents about USDT issuances and past operations in New York first ordered 17 months ago, an NYAG lawyer argued in a letter Monday.
The New York Attorney General's office wants Tether and Bitfinex to immediately turn over documents detailing a $900 million line of credit.
A New York judge ordered Bitfinex and Tether to turn over financial documents to the New York Attorney General's office, but left the timing to the parties to coordinate.
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.
The company claims that plaintiffs cannot prove Tether transactions caused bitcoin’s surge or that damages were incurred.