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Bitfinex and Tether Request a Month to Transfer Documents to New York Prosecutors


Bitfinex cryptocurrency exchange needs additional time to transfer documents on mutual transactions with Tether to the New York State Attorney General (NYAG). This was announced by Stuart Hogner, a lawyer representing the interests of the companies.

Earlier, the department asked to extend the deadline for the execution of the decision for Bitfinex and Tether until January 15, 2021. On January 19, Hogner notified the New York Supreme Court that the defendants had collected a significant amount of information, but they needed 30 days to complete the process.

On January 10, Tether CTO Paolo Ardoino said the companies produced over 2.5 million pages in response to NYAG requests.

In April 2019, NYAG accused Bitfinex of trying to hide the loss of $ 850 million from Tether’s reserves. The exchange did not agree with the claims.

The New York Supreme Court ordered Bitfinex to hand over documents regarding the loss of access to fiat funds. The company tried to challenge this decision, but lost on appeal.

Recall that in September 2020, the court ordered Bitfinex and Tether to transfer financial statements to the prosecutor’s office and extended the ban on the transfer of funds.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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