Latest filings from NYOAG allege Bitfinex and Tether continued New York operations as late as January 2019

New court filings from the New York Attorney General’s Office (NYOAG) allege iFinex, parent company to Bitfinex and Tether, falls under its jurisdiction due to extensive New York dealings, including allegedly allowing New York users despite the explicit ban. Bitfinex previously argued it does not do business with New York customers and as a result should not be required to comply with the NYOAG’s investigative demands.

The NYOAG first filed this action in April, alleging in part that the exchange covered up an $850 million loss by co-mingling funds from its sister company Tether and had failed to comply with pre-suit document and information demands under New York’s Martin Act.

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