NY Attorney General sues Bitfinex and Tether to unearth “fraud being carried out” by the firms

The New York State Attorney General (NYSAG) is suing Bitfinex, the cryptocurrency exchange, and affiliated firm Tether, the company behind the stablecoin of the same name.

As per the suit, issued by Attorney General Letitia James' office, iFinex Inc, which is the holdings company that owns Tether and Bitfinex, promoted the "issuance, distribution, exchange, advertisement, negotiation, purchase, investment advice or sale of securities in or from New York."

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