Tuesday 20 August 2019
A court in New York has denied Bitfinex and Tether’s parent company iFinex’s latest motion to avoid the legal clap back from its $850 million cover-up. iFinex claimed that the New York State Attorney General (NYAG) lacked the relevant jurisdiction to investigate the cryptocurrency exchange and stablecoin issuer as it claims it doesn’t serve customers in the state. The court didn’t see it the same way. As a result, the NYAG’s inquiry will continue and iFinex will have to provide evidence and documents at the request of the courts. “The Court finds based on the evidence and applicable law that…
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