Bitfinex Won't Provide All Docs, Which Attorney Require

Bitfinex believes that the decision of the judge is "another victory in the ongoing defence of our businesses against the New York Attorney General"
23 May 2019   528

The judge of the Supreme Court of the State of New York, Joel Cohen, satisfied the demand of the lawyers of Bitfinex and Tether Limited, allowing them to submit only those documents that the State Office of Public Attorney has the right to demand within its jurisdiction.

In particular, the defendants once again stated that the jurisdiction of the State Office of Public Attorney does not apply to companies, since they do not operate in New York, and the so-called Martin Law does not regulate their business at all. In addition, this legislation may not apply to companies registered in another country.

This order is another victory in the ongoing defence of our businesses against the New York Attorney General’s overreach, and it comes on the heels of Justice Cohen’s ruling last week granting our motion to significantly narrow the injunction against our businesses obtained by the Attorney General. We look forward to continuing to challenge the New York Attorney General’s unmeritorious claims, and we will continue to vigorously protect our customers and assert our rights against those making false and unsupported claims against us.
 

Bitfinex Team

The next meeting in the high-profile case is scheduled for June 29.

Bitfinex promised users to continue the fight against those who make "false and unfounded statements" to the company.

Tether to Perform $300M Worth Chain Swap

300M USDt was moved from the Omni to the ERC-20 blockchain; now the share of stablecoins based on Ethereum exceeded the share of coins based on Omni
30 October 2019   373

Tether transferred 300 million USDT tokens from the Omni blockchain to the Ethereum standard ERC-20.

The tweet also says that the token migration was carried out with the participation of an unnamed third party. At the same time, the company assured that the aggregate supply of USDT will not increase as a result of the operation.

Almost together with the statement of the largest issuer of stablecoins, the Whale Alert Twitter account recorded the corresponding operations.

After that, the share of stablecoins based on Ethereum (44%) exceeded the share of coins based on Omni (39%):

USDT
USDT

To date, the proportion of TRC20 standard coins is 18%. Tether also released some “stable coins” based on EOS and in the Liquid sidechain.