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.
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Playing with fire, Tether looking to launch Chinese yuan-based stablecoin
Tether may be doubling down with a renmimbi product
Tether—with its sister company Bitfinex—may be in a heap of trouble in New York, but the stablecoin issuer is trying its hand at taking on another major currency: China’s yuan.
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New York State Supreme Court building in Lower Manhattan showing the words "The True Administration of Justice" on its facade (via Shutterstock).NY Attorney General restarts Bitfinex, Tether investigation
A judge ruled that Letita James’ office had jurisdiction to investigate the stablecoin-issuer’s bailout of the embattled cryptocurrency exchange
News from New York Attorney General Letita James lawsuit against Bitfinex and Tether might finally be getting juicier. In an August 19 ruling, Judge Joel Cohen of the New York State Supreme Court shot down attempts by cryptocurrency exchange Bitfinex and its sister company, stablecoin issuer Tether, to shut down the civil action.
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NYAG ridicules Bitfinex, Tether court cost claims
The companies already spent $500,000 fending off New York Attorney General Letitia James’ accusations of fraud and securities law violations
New York State Attorney General Letitia James’s office called shenanigans yesterday on Bitfinex and Tether’s argument that it could spend $5 million defending itself from accusations of fraud.
