• New York State Supreme Court building in Lower Manhattan showing the words "The True Administration of Justice" on its facade (via Shutterstock).
    Tether

    Judge kicks can down the road in NYAG Letitia James vs. Bitfinex, Tether

    Judge Joel M. Cohen gave himself more time to decide if New York can sue the cryptocurrency exchange and stablecoin issuer

    New York State Attorney General Letitia James’ case against stablecoin issuer Tether and its sister company, cryptocurrency exchange Bitfinex got a few months longer today.

  • Trading crypto in New York isn't as easy as this picture makes it seem (composite image via Shutterstock).
    Tether

    NY Attorney General Letitia James: Bitfinex, Tether lied about cutting off New Yorkers

    A filing in her fraud suit over Tether’s $625 million loan said Bitfinex did business in New York as recently as May

    Cryptocurrency exchange Bitfinex did business with New York-based customers and vendors as recently as this May, according to a filing made in State Supreme Court by the office of New York Attorney General Letitia James.

  • Tether

    Bitfinex and Tether say New York Attorney General risks making them unable to pay their bills

    In seeking freedom to pay employees and contractors, Tether attorneys suggest the stablecoin issuer mixes reserve and operating funds

    Lawyers for iFinex, the parent company of Tether and cryptocurrency exchange Bitfinex, told the New York Supreme Court on Monday that the language of New York State Attorney General Latitia James’ proposed injunction on Tether using dollar reserves backing its USDT stablecoin could prevent it from making payroll or paying bills.

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