Bitfinex is clutching its documents despite objections from the office of the New York Attorney General.
Relating to a $900 billion loan between sister companies Bitfinex and Tether should be denied.
Lawyers for Bitfinex claim the NYAG's office did not cite any authority supporting its request, further suggesting that the state prosecutor seems to believe that the "Collection burdens are meaningless."
Bitfinex's attorneys filed a number of exhibits to support their letter, including the motion materials for the exchange's appeal and a transcript of a court proceeding.
Attorneys for the NYAG successfully secured an injunction from the New York Supreme Court that ordered the companies to turn over all documentation about the process, as well as prevent Tether from loaning any further funds to Bitfinex.
In August, an appeals court granted Bitfinex a temporary stay, allowing the companies some breathing room before turning over any documents.
The NYAG's office asked the New York judge to order Bitfinex to collect all of the documents pertaining to the loan, to ensure they could be immediately turned over if the government wins the appeal.
While Bitfinex pushed back against the request to collect all the documents called for in a previous court order in its letter Tuesday, the company said it would not oppose a request to extend the injunction by a further 90 days.
Alleging Bitfinex and Tether caused immense damage to the crypto market as a result of its use of USDT to manipulate the bitcoin market.
The lawsuit, filed in federal court, references the NYAG action against Bitfinex as evidence supporting its allegations.
Bitfinex Says It Shouldn't Have to Collect Documents for NYAG During Appeal
gepubliceerd op Oct 8, 2019
by Coindesk | gepubliceerd op Coinage
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