Bitfinex preliminary injunction modified to last 90 days, Tether’s ability to extend credit line still frozen

New York Supreme Court judge Joel M. Cohen has granted the motion to modify the substance and temporal scope of the preliminary injunction Letitia James, NY AG, filed against Bitfinex on April 25.

In the newly granted motion by Cohen, the court finds that the NYAG, "has made a sufficient showing to warrant a targeted preliminary injunction preventing Respondents from continuing to let dollars flow out of Tether’s reserves via the type of extraordinary transaction that triggered Petitioner’s concern."

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