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Cryptopolitan 2019-08-20 05:44:04

New York State to continue with Bitfinex investigation, court rules

The New York Office of the Attorney General (NYAG) gains the upper hand in the long-standing jurisdiction battle over Bitfinex investigation as the New York Supreme Court gives a green signal to NYAG for legal proceedings against Bitfinex’s parent company, iFinex. The legal tussle takes us back to April when the NYAG locked horns with iFinex for collaboratively interfering with funds with sister company Tether, in an attempt to illicitly cover up losses worth eight hundred and fifty million dollars ($850 million). The exchange platform tried its utmost to cover its tracks by stating that the firm never indulged in

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