• Tether
    Tether is on fire, but not in a good way (via Shutterstock).
    Tether

    Bitfinex and Tether’s claim of victory over New York Attorney General Letitia James rings hollow

    Judge Joel Cohen’s ruling said claims of securities violations and possibly fraud have a likelihood of success

    May 17, 2019 /

    On May 16, New York State Supreme Court Judge Joel Cohen modified an injunction granted to James that froze the ability of stablecoin issuer Tether from loaning any more money to its sister company, cryptocurrency exchange Bitfinex. But, Tether’s ability to loan Bitfinex any more money also remains frozen, and all the judge did in limiting the order to 90 days is make the Attorney General’s office reapply for the injunction once a quarter if they want to keep investigating.

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

    NY Attorney General accuses Bitfinex of using Tether’s reserves to hide $850 million loss

    Already under a cloud, Tether/Bitfinex’s woes mount

    April 25, 2019 /

    Controversial cryptocurrency exchange Bitfinex is alleged to have tapped into reserves of the stablecoin issued by sister company Tether to cover up $851 million in losses last year, New York Attorney General Letitia James charged on Thursday.

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