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Bitfinex

Bitfinex and Tether Respond to New York Judge, Will Pursue Appeals

Bitfinex and Tether have replied to Judge Joel Cohen’s recent ruling in the New York Attorney General (NYAG) ongoing case against companies. Cohen dismissed Bitfinex’s motion to throw out the case due to lack of jurisdiction, so the NYAG will continue to prosecute the companies via the Martin Act. Bitfinex issued its reply in an …

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New York Supreme Court Denies Bitfinex’s Lack-of-Jurisdiction Claim

Bitfinex and Tether must continue turning documents about an alleged $850 million cover up over to the New York Attorney General (NYAG), a judge ruled Monday. New York Supreme Court Judge Joel M. Cohen ruled that the crypto exchange and stablecoin issuer would have to have to continue turning over documents about a loan the …

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$500K, 60 Lawyers: Filing Reveals Costs of Bitfinex’s Fight With NY Regulators

Bitfinex and Tether have spent half a million dollars just on finding documents for the New York Attorney General’s (NYAG) office, a new letter by its lawyers says. In the letter filed with the New York Supreme Court Tuesday, attorneys Jason Weinstein and Charles Michael of Steptoe and Johnson LLP, and David Miller and Zoe …

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US Investors Used Loophole to Buy Bitfinex Exchange’s LEO Tokens

U.S. investors have been able to purchase Bitfinex’s LEO exchange tokens, if only indirectly. Seattle-based Arrington XRP Capital and Los Angeles-based Arca both said they invested in LEO tokens, despite Bitfinex’s stated policy of refusing to sell them to U.S. residents or entities. Both investment management firms told CoinDesk that, rather than purchasing the tokens …

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Bitfinex: ‘New York Customers’ Cited by NYAG Are Foreign Entities

Arguments that Bitfinex and Tether served New York residents through 2018 are misleading, new legal filings by the companies claim. A new affirmation by Bitfinex and Tether general counsel Stuart Hoegner says a previous filing by the New York Attorney General’s office claiming that New York residents used the companies’ platforms for far longer than previously …

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Hodler’s Digest, Top Stories, Price Movements, Quotes and FUD of the Week

Top Stories This Week   Trump tweets opposition to crypto, specifically Libra and Bitcoin Shrinking violet Donald Trump doesn’t often share his views, so it was refreshing to see him share an opinion for once on Twitter. The United States president declared that he isn’t a fan of Bitcoin and other cryptocurrencies — telling his 61.9 …

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NYAG: Bitfinex, Tether Served New York Residents Longer Than They Claim

The New York Attorney General’s Office (NYAG) has submitted a series of new evidence in its aim to prove the crypto exchange Bitfinex and Tether had served New York customers longer than it claimed. As part of the NYAG’s ongoing investigation into Bitfinex and Tether, the NYAG filed a Memorandum of Law in Opposition, a …

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Bitcoin’s Big Price Drop Is the Latest in a Long History of Flash Crashes

<header class=”article__header”> </header> <strong>On Wednesday, June 26, the price of <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> came close to reaching $14K. One hour later, it had dropped by close to 18%. Such events are known as a flash crash, a moment in time where a rapid-sell off happens and often times a few exchanges become …

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Two Israeli Brothers Arrested for Phishing Fraud, Bitfinex Hack

The Israeli Police cyber unit arrested two brothers, Eli and Assaf Gigi, for allegedly perpetrating a multi-year phishing scheme and participating in a 2016 hack of Bitfinex. Israeli news outlet Ynet reports the two allegedly stole over $100 million in cryptocurrency. The infamous Bitfinex theft of 119,756 BTC shocked the crypto market with the largest loss …

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Report: Two Israeli Brothers Arrested for Hack of Bitfinex Crypto Exchange

Two Israeli brothers have been arrested in connection with the hack of cryptocurrency exchange Bitfinex and other crypto-related phishing attacks, finance news outlet Finance Magnates reports on June 23. An Israeli police spokesperson reportedly told Finance Magnates that Eli Gigi and his younger brother Assaf Gigi netted tens of millions of dollars. The two are …

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