#BItfinex News

Bitfinex Moves Judiciary to Unlock their $880 Million in Seized Capital

October 21, 2019 by Ashwath Balakrishnan at Bitcoin, Development

According to new court filings, Bitfinex's parent company, iFinex Inc, has filed a discovery with relation to the $880 million seized from the exchange and its partner companies. These funds were held by Crypto Capital on behalf of Bitfinex and was seized by the FBI amid shadow banking allegations, as...

Piecing Together the Class Action Lawsuit Against Bitfinex and Tether

October 8, 2019 by Ashwath Balakrishnan at Bitcoin

Just two days ago, Bitfinex announced they foresee a "meritless" lawsuit coming their way based on a study that has inconsistent assumptions and skewed findings. About a day later, it was revealed that several individuals have taken iFinex to court claiming that, with Tether, they single-handedly manipulated the entire cryptocurrency...

Bitfinex Refutes Study Linking Tether (USDT) Issuance to Market Manipulation

October 7, 2019 by Ashwath Balakrishnan at Altcoins

Bitfinex has publicly stated that they have caught wind of an unpublished paper that wrongly accuses the Tether stablecoin of being a main force behind the cryptocurrency bull market. The exchange has disputed these conclusions and claims that said the study is based on cherry-picked data and unrealistic assumptions, October...

Bitfinex Granted Short-Term Legal Relief by New York Supreme Court

September 25, 2019 by Ashwath Balakrishnan at Altcoins

The New York Supreme Court has ruled in favor of Bitfinex for a motion to refuse document submission until the appeal for whether this is even the correct jurisdiction for the case has been decided. According to Forbes, this is merely short term relief, as if the appeal by iFinex is...

Bitcoin and Ethereum Derivatives Launched on Bitfinex

September 4, 2019 by Edoardo Vecchio at Bitcoin

According to official news released by Bitfinex on September 3, the exchange has added support for two derivatives products based on Bitcoin and Ethereum. Bitfinex, the Market Leader Founded in 2012, Bitfinex is a cryptocurrency exchange providing advanced services for digital currency traders and liquidity providers, while also being closely linked with the...

Bitfinex New York Supreme Court Pointing Fingers

New York Supreme Court Dismisses Bitfinex Petition

August 20, 2019 by Ashwath Balakrishnan at Business

Earlier this month, Bitfinex filed a petition with the New York Supreme Court claiming that the New York State Attorney General (NYAG) was wrongly investigating Bitfinex as New York lacks the jurisdiction to do so. This argument was based on the fact that Bitfinex claims they have never catered to...

2019 Report: Token Offerings Raised $3.3 Billion in Five Months, IEO’s Emerge as an Obstacle for STO’s

July 31, 2019 by Ashwath Balakrishnan at Altcoins

PwC's global research and consulting wing, Strategy&, revealed in their summer report that a whopping $3.3 billion has been raised in token offerings between January and May 2019. Bitfinex's LEO offering accounts for 30 percent of that entire amount. Additionally, there is sufficient data to confidently name the inception of...

New York Extends Bitfinex Lockout Period

July 30, 2019 by Ashwath Balakrishnan at Regulation

Justice Joel Cohen of the New York Supreme Court extended the preliminary injunction against iFinex and Bitfinex for an extra 90 days. This means the company cannot access Tether's financial reserves for their own use. The lawsuit emerged after the New York State Attorney General accused iFinex, the parent company...

Bitfinex Bites at NYAG, Claims Alleged ‘New York Customers’ are Foreign Entities

July 23, 2019 by Ashwath Balakrishnan at Business

Bitfinex and the New York State Attorney General have embroiled in an aggressive game of ping pong, continuously hitting back at each other's remarks. In the latest episode, the NYAG claimed Bitfinex serviced New York State customers as early as January 2019. Bitfinex as now hit back saying they were...

NYAG: Tether, Bitfinex Served New York Clients as Late as January 2019

July 9, 2019 by Aisshwarya Tiwari at Regulation

On July 8, 2019, the New York Attorney General’s Office (NYAG) submitted new court filings alleging that iFinex Inc., the parent company of cryptocurrency exchange Bitfinex and stablecoin issuing firm Tether (USDT), continued providing services to New York residents as late as January 2019. First reports on the subject came...

Pages: 1 2 3 4 5 6 7