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Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: Btceth01 on January 21, 2021, 03:55:07 PM

Title: Tether Produces More Than 2.5 Million Documents to NYAG
Post by: Btceth01 on January 21, 2021, 03:55:07 PM

iFinex, the parent company of crypto exchange Bitfinex and Tether—issuer of the eponymous stablecoin Tether—has provided millions of documents to the New York Attorney General in regards to its investigation. The state prosecutor’s investigation is into the alleged lack of disclosures over a missing $850 million that was seized by police from its previous banking partner.

The firm asked the New York State Supreme Court for a “few more weeks to produce supplemental information.”

In a letter submitted on January 19, iFinex says it is planning to contact the court in the next 30 days “to either provide a final status update or to schedule a conference to discuss any open items.”

 Source Link (https://cryptonews.net/453957/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)

Title: Re: Tether Produces More Than 2.5 Million Documents to NYAG
Post by: damsix on January 22, 2021, 04:48:12 AM

Recently I made a reply to my current position post for the Tether coin and now I read it for the bad news of Tether.
I think Tether should be able to escape from the New York Supreme Court Law because that value is not a ratio if Tether loses about 850 million USD.

Hopefully BItfinex understands this because if it is not resolved then disaster will come to Bitfinex and Tether.