Bitfinex'ed Hired a Lawyer to Fight Bitfinex

New stage of one of the hypest struggles in crypto community
13 March 2018   655

The Bitfinex'ed blogger, known for his criticism of Bitfinex cryptocurrency exchange, hired a well-known lawyer to defend his interests in the fight against a company that earned a controversial reputation. This is reported by CoinDesk.

Stephen Palley, a partner of the Washington-based law firm Anderson Kill, on Monday sent a formidable message to Bitfinex Chief Legal Adviser Stuart Högner. In his letter, Palli warned Högner that if he finds out that the threats that his client has received are worth Bitfinex, the exchange will "there will be legal consequences."

As you know, threats have been made and continue to be made against @bitfinex'ed. If we learn that your client is directly or indirectly responsible for these threats, or if any harm should take place to @bitfinex'ed as a result of these threats, there will be legal consequences.
 

Stephen Palley

Partner, Anderson Kill

Bitfinex'ed appealed to a lawyer back in December last year, when Bitfinex began to publicly threaten to hold him accountable, but until recently this fact was kept secret.

Although Palli did not explain the nature of the threats coming from Bitfinex'ed, the blogger himself reported last year that someone had offered a five-figure amount for information about him.

Bitfinex'ed also believes that the temporary blocking of his Twitter account was made after the service received a large number of complaints sent at the request of Bitfinex.

The blogger publishes detailed investigations that cast a shadow on the Bitfinex and the associated Tether cryptocurrency token issuer since August last year. He argues that Tether releases its USDT tokens, which have gained considerable popularity in the crypto currency market due to the stability of their exchange rate against the US dollar, without having a sufficient phyty reserve for this, which is a violation of the conditions for providing service to the company and jeopardizing the integrity of the entire market.

In January, the Bitmex Exchange published its own investigation, which stated that Tether does not necessarily engage in fraudulent activities and can be serviced by banks in Puerto Rico, but the associated risks associated with its tokens continue to pose a threat to the cryptocurrency community.

 

Bitfinex to Launch Ethfinex Trustless

As reported by the team, Ethfinex Trustless is a decentralized exchange, designed ffor eliminating the problems inherent in centralized exchanges
18 September 2018   91

Bitfinex has launched new Ethfinex-based decentralized platform for cryptocurrencies trading called Ethfinex Trustless.

As the exchange's message says, Ethfinex Trustless is aimed at eliminating the problems inherent in centralized exchanges, such as delays in input / output of funds, long answers from technical support and the possibility of loss of assets as a result of hacker attacks.

With Ethfinex Trustless there are no signups, no deposit or withdrawaldelays and no sacrificing custody of your tokens. Users retain full control of their funds throughout the entirety of the trading experience whilst executing trades against a highly liquid off-chain order book to ensure an entirely seamless trading experience.
 

Ethfinex Blog

The new site will allow you to make cryptocurrency transactions without going through registration and providing personal data. Also, Ethfinex Trustless will provide access to the trading logs of Bitfinex and Ethfinex, thereby eliminating liquidity constraints.

To connect to the platform, MetaMask, Ledger, Trezor and Keystore wallets can be used.

At first time trading pairs with Ethereum, OmiseGO, Tether and 0X will be available on Ethfinex Trustless. If the launch of the site is successful, Ethfinex Trustless will list 40 more tokens, including pairs with Dai, and transfer the exchange to 0x V2 smart contracts.

Also representatives of Bitfinex reported that owners of the Nectar (NEC) token will be able to make decisions regarding the functioning of the site and its future, including taking part in voting for the listing of tokens.

To do this, within the first two weeks after the launch of the exchange, users will need to have 1 NEC in their Ethereum wallet.