The New York Supreme Court has modified an injunction, now allowing Bitfinex to continue using Tether reserves that were loaned to it to maintain its ordinary course of business. But how did we get here?
In the latest development of an ongoing legal dispute with New York, attorneys for Bitfinex and Tether have asked for a lifting of restrictions on the stablecoin issuer's funds.
Bitfinex and the New York Attorney General’s (NYAG) legal sparring in relation to $850 million in missing funds escalated with another round of court filings this past weekend.
Bitfinex and Tether’s legal counsel has written a response to the New York Attorney General’s (NYAG) ex parte order, which claims that Bitifinex used Tether’s reserves to cover some $850 million in losses.
According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office is applying for a court order to investigate Bitfinex’s suite of interrelated companies.
A Chinese security service provider has issued a warning that a large number of crypto exchanges have been targeted by the North Korean hacker group Lazarus.
Bitfinex said that U.S. federal law enforcement informed them in November of last year that it had obtained access to some of the cryptocurrency funds stolen when the exchange was hacked.
