$500K, 60 Lawyers: Filing Reveals Costs of Bitfinex’s Fight With NY Regulators
Bitfinex has spent half a million dollars producing documents in its ongoing battle with the New York Attorney General's office, a new filing 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 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.
The company claims that plaintiffs cannot prove Tether transactions caused bitcoin’s surge or that damages were incurred.
A division of the New York Supreme Court has ruled Bitfinex can stop turning over documents to state investigators.
The New York Attorney General office pushed back on Bitfinex's complaints about the cost of complying with the agency's demands for documents.