Express

​Bitfinex Will Soon Finish Turning Documents Related To The $850M Fraud Case To The NYAG

Mary Liu

Summary: Bitfinex's lawyer Charles Michael said in court on Tuesday that Bitfinex expects to turn documents related to the "$850 million fraud case" to the New York Attorney General (NYAG) in the next few weeks.  In April 2019, NYAG accused Bitfinex of using a huge Tether loan to cover up its $850 million account deficit and ...

Bitfinex's lawyer Charles Michael said in court on Tuesday that Bitfinex expects to turn documents related to the "$850 million fraud case" to the New York Attorney General (NYAG) in the next few weeks. 

In April 2019, NYAG accused Bitfinex of using a huge Tether loan to cover up its $850 million account deficit and filed a lawsuit against Bitfinex and Tether.

According to the statement of Michael, the parent company iFinex has prepared a lot of materials for NYAG, and the next update will be completed within 30 days.

By Mary Liu

Last Update:

Tags: ,,,,
Link: ​Bitfinex Will Soon Finish Turning Documents Related To The $850M Fraud Case To The NYAG   [Copy]
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 6 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 13 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 17 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 20 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 24 days ago
  • You need to login to comment.