Express

Bitfinex Files Subpoena In Attempt To Recover $880 million In Frozen Funds

Janelle Fox

Summary: Bitfinex has filed a Subpoena to a U.S. court in an attempt to regain $880 million in funds that were frozen in multiple countries, according to CoinTelegraph. Bitfinex Chief Financial Officer Giancarlo Devasini confirmed that the company submitted the filing on Oct. 18, with the Southern California District Court for permission to take the deposition ...

Bitfinex has filed a Subpoena to a U.S. court in an attempt to regain $880 million in funds that were frozen in multiple countries, according to CoinTelegraph.

Bitfinex Chief Financial Officer Giancarlo Devasini confirmed that the company submitted the filing on Oct. 18, with the Southern California District Court for permission to take the deposition of Rondell “Rhon” Clyde Monroe. Monroe is the former vice president of TCA Bancorp and is believed to have information and documents vital to Bitfinex’s claims to over $850 million of their frozen funds.

By Janelle Fox

Last Update:

Tags: ,,
Link: Bitfinex Files Subpoena In Attempt To Recover $880 million In Frozen Funds   [Copy]
  • U.S. SEC Clears Path for Institutional Crypto Custody, Recognizing State Trust Companie... 20 hours ago
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 15 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 22 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 26 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 29 days ago
  • You need to login to comment.