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NY Attorney General Expects Documents Within Weeks in Bitfinex/Tether Case
Summary: The Office of the New York Attorney General(OAG) has requested a deadline extension for iFinex Inc — the parent company of both crypto exchange Bitfinex and stablecoin issuer Tether — to produce the documents requested for their ongoing legal battle. On Dec. 9, 2020, the OAG wrote to Justice Joel Cohen to request the deadline ...
The Office of the New York Attorney General(OAG) has requested a deadline extension for iFinex Inc — the parent company of both crypto exchange Bitfinex and stablecoin issuer Tether — to produce the documents requested for their ongoing legal battle. On Dec. 9, 2020, the OAG wrote to Justice Joel Cohen to request the deadline be pushed back until Jan. 15, 2021.The request followed a virtual hearing on Sep. 17, that concluded with the judge ordering a 90-day extension for Ifinex to produce documents relating to business dealings between Bitfinex and Tether in April 2019.
The OAG asserts that Ifinex has cooperated in producing the requested documents since the Sep. 17 hearing, predicting that the process will be “finalized in the coming weeks.” Despite the persistent controversy, Tether’s USDT has seen yet another record year for adoption, with the stable token expanding to operate on the Omni, Ethereum, Eos, Algorand, Liquid, and Solana networks.
By Amy Liu
Tags: Bitfinex,ifinex,OAG,Tether
Link: NY Attorney General Expects Documents Within Weeks in Bitfinex/Tether Case [Copy]
