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]
Next:

Related Articles

  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 4 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 6 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 8 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 11 days ago
  • Can a $300M RWA Fund Save Avalanche's TVL? 12 days ago

    • You need to login to comment.