• Hand controlling marionette
    Cryptocurrencies

    Bitfinex, Tether again face market manipulation accusations

    The embattled cryptocurrency exchange and stablecoin issuer jointly announced that a “meritless and mercenary lawsuit” is coming.

    It seems the New York Attorney General is not the only person accusing sister companies Bitfinex and Tether of breaking the law. A paper accusing the companies of market manipulation designed to boost the price of Bitcoin will be published soon.

  • Tether and Bitfinex staff hard at work getting documents in the case brought against them by New York Attorney General Letitia James (via Pixabay).
    Tether

    Bitfinex, Tether accused of stalling fraud investigation

    The NY Attorney General’s office wants the exchange and stablecoin-issuer to keep giving it evidence while an appeals court decides whether to throw the case out

    New York Attorney General Letitia James just demanded that embattled cryptocurrency exchange Bitfinex and stablecoin-issuer Tether keep searching for documents that will help her office prove the sister companies committed fraud.

  • New York County Courthouse, scene of crypto's Bonfire of the Sanities (via Pixabay).
    Tether

    Tether and Bitfinex win stay of NY Attorney General’s fraud suit

    An appellate court will revisit the question of whether Attorney General Letitia James has standing to sue the stablecoin issuers and cryptocurrency exchange

    On September 24, a New York appeals court stayed a lower court’s order that would have forced iFinex and its subsidiaries to turn over documents to help the attorney general’s fraud and securities law suit.