Digital Currency Group (DCG) has submitted a request to the court to drop the legal action taken against it by New York Attorney General Letitia James. DCG argues that it’s “wrongfully” depicted and maintains that the lawsuit is nothing but a “thin web of baseless innuendo.” DCG Challenges NYAG’s Legal Action Last year, the New […]
Bitcoin News
Court Filing Shows Genesis Settled With NYAG, Aims to End Crypto Lending Platform Dispute
After settling with the U.S. Securities and Exchange Commission (SEC), Genesis Global has reportedly reached an agreement to settle with the Office of the New York Attorney General. The official had accused the company, along with its parent company Digital Currency Group and Gemini, regarding “fraudulent schemes” associated with its lending platform. Genesis and NYAG […]
Bitcoin News
Tether to File Motion to Dismiss Class Action Lawsuit Based on NYAG Claims
The company claims that plaintiffs cannot prove Tether transactions caused bitcoins surge or that damages were incurred.
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Bitfinex Says It Shouldnt Have to Collect Documents for NYAG During Appeal
Bitfinex and Tether say they shouldn’t have to compile documents ordered by a New York court during an ongoing appeal.
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Bitfinex Claims New York Customers Cited by NYAG Are Foreign Entities
Supposed New York residents and companies that used Bitfinex’s trading platform were actually foreign entities, according to a new filing by the exchange’s attorneys.
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Op Ed A Summary of NYAG vs. Bitfinex/Tether
n nn nn In the latest on the ongoing legal dispute between the New York Attorney General NYAG, cryptocurrency exchange Bitfinex and stablecoin issuer Tether, the New York Supreme Court has modified an April 24, 2019, preliminary injunction and now Bitfinex is allowed to continue using the Tether reserves that were loaned to it to maintain its ordinary course of business, such as paying employees and consultants. But Bitfinex may not withdraw any further funds from
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NYAG Accusations Filled With Inaccuracies, Says Bitfinex Letter to Users
n The allegations made by the New York Attorney General about Bitfinex are filled with inaccuracies and false assertions, the exchange claimed in a recent letter to usersn
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