NY Attorney General’s office alleges “substantial evidence of fraudulent conduct” at Bitfinex and Tether

The NY Attorney General's office (OAG) submitted opposition on Friday, May 3 to Bitfinex's Motion "which sought to vacate or modify the Order... directing the production of documents and information, and ordering certain preliminary injunctive relief."

The OAG cited the Martin Act in its opposition, which gives the OAG power " to conduct investigations of suspected fraud in connection with the purchase, sale, or exchange of securities and commodities." Per the filing, "the OAG's investigation uncovered substantial evidence of fraudulent conduct."

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