• 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.