Tagged: bitfinex

Crypto Twitter Pundit Claims New York Attorney General’s Pounce on Bitfinex Highly Strategized

Cryptocurrency skeptics, in particular, these days are closely watching the showdown now underway between sister crypto companies Bitfinex and Tether and the New York Attorney General’s Office, which has alleged fraud at the two firms. As a bit of background, Tether makes a synthetic US… Read More

Still Undaunted by New York Investigation, Tether to Issue Offshore Yuan

Tether is continuing its bid to sell synthetic versions of world currencies by issuing yet another “stablecoin,” this time in the form of CNHT, which will act as a proxy for offshore Chinese yuan (CNH). Tether, its parent company iFinex and sister company, crypto exchange… Read More

After 4-Month Fight, Bitfinex Ordered to Provide Business Records

A judge presiding over proceedings in a case of alleged fraud by crypto trading platform Bitfinex (and associated companies) has ordered the companies to provide records compelled under ex parte orders issued in New York in April. Almost immediately after the orders were issued, Bitfinex… Read More

New York Attorney General Says Bitfinex Crypto Exchange Should Have Required Records On Hand

Lawyers for Bitfinex, iFinex, and Tether, cryptocurrency companies currently under investigation for fraud in New York sent a letter to the presiding judging promising to appeal if the case against them is not dismissed. They also asked Judge Joel M Cohen to preclude them from having… Read More

Report: Tether Has Supplanted Bitcoin for Russia-China Commercial Remittances

An unnamed OTC trading desk in Moscow is selling up to $30 million USD in “tethers” per day to Chinese merchants sending proceeds home, Coindesk reports. Until 2018, the favoured currency for this type of transacting was reportedly Bitcoin, but Chinese merchants have lately started dumping… Read More

Bitfinex Lawyers Threaten to Appeal if Motion to Dismiss New York Fraud Case Denied

Lawyers for the crypto exchange Bitfinex (and associated companies iFinex and Tether) have sent a letter to the judge presiding over anti-fraud proceedings against them in New York threatening to appeal if the judge does not dismiss the case against them. The letter from Bitfinex… Read More

Bitfinex Fraud Case Extended 90 Days, Trading from New York “Easy”

Tenacious and liquid crypto exchange Bitfinex and affiliate companies had hoped that a fraud case brought against them by the New York Attorney General (NYAG) would be wrapped up this week. Instead, a formerly sympathetic judge has granted an extension, The Block reports. Bitfinex, iFinex, and… Read More

No New York Customers, No Jurisdiction: Bitfinex Crypto Exchange Says New York Fraud Case Weak

Bitfinex, iFinex, and Tether, cryptocurrency companies defending themselves against fraud allegations in New York, are claiming that the New York Office of the Attorney General (OAG) has failed to substantiate claims the companies facilitated trades for New York residents without being licensed to do so…. Read More

“Hybrid Decentralized Exchange” IDEX Delists Bitfinex’s LEO Token

IDEX, a “DEX” (decentralized exchange) registered in Panama and billing itself on Twitter as the “Number 1 Hybrid DEX on Ethereum,” has announced it is delisting LEO, a controversial exchange token created by Bitfinex. Bitfinex, it’s parent company iFinex and fellow subsidiary company Tether have… Read More

Hot Water Gets Hotter: NY Attorney General Claims Bitfinex Operated Unlawfully in New York Until 2019

The Attorney General of New York (NYAG) has submitted a memorandum in court documenting iFinex/Bitfinex/Tether’s “extensive ties to New York” and disputing the Seychelles-registered companies’ claims that New York authorities have no jurisdiction and that its fraud investigation is impeding business. iFinex and subsidiaries Tether… Read More

Trader: Bitfinex AMPL IEO “Unstable” and a “Get Rich Scheme”

A trader at Maple Leaf Capital has taken to Twitter to present an unflattering analysis of the Bitfinex crypto trading platform’s 1st IEO (Initial Exchange Offering) token “Ampleforth” (AMPL). (0) This will be a thread about Bitfinex’s 1st ieo – Ampleforth $AMPL. Whilst with a… Read More

Israeli Police Arrest Brothers Accused of Executing Billion Dollar Bitfinex Crypto Platform Hack

Two computer programmers in Israel, brothers Eli and Assaf Gigi, have been arrested in Jerusalem and accused of operating a sprawling phishing scam that helped them steal 120 000 bitcoins from the Bitfinex trading platform in 2016. According to Israeli crime reporting site Posta, “They… Read More

Bitfinex Starts Buying Back LEO Tokens Issued to Cover Funds Seized by Law Enforcement

Bitfinex, a cryptocurrency trading platform and sister company to stable coin-issuer Tether, announced June 14th that buybacks of its LEO token, issued to help cover operational shortfalls, have begun. LEO token bought back are purportedly being “burned” (decommissioned) by the issuer. About a billion tokens… Read More

Synthetic Commodity: Ampleforth IEO Claims $5 Million Raised in Just 11 Seconds

Ampleforth (AMPL) reports that its initial exchange offering (IEO) raised a solid $5 million in just 11 seconds. The IEO was completed via BitFinex and Ethfinex’s Tokinex platform. Tokinex is Bitfinex’s IEO platform. AMPL tokens are expected to be distributed to holders within the next… Read More

Bitfinex Lists OKEx Native Token “OKB” & OKLink Stablecoin “USDK”

Cryptocurrency exchange OKEx announced on Wednesday the listing of its native token, OKB, on another leading cryptocurrency exchange, Bitfinex. Bitfinex will also list USDK, which is a stablecoin co-developed by OKLink, a blockchain technology company, and Prime Trust. “Empowering OKEx’s ecosystem, OKB allows OKEx users… Read More

Bitcoins Stolen from Bitfinex and Dormant Since 2016 Start to Move

160 Bitcoins stolen in a massive hack on the Bitfinex cryptocurrency exchange in 2016 started moving across the blockchain late last week after being dormant for more than 2 years, Hard Fork reports. The cryptocurrency is part of a stash of 744 408 Bitcoins taken… Read More

Hot Water or Not: Embattled Bitfinex Crypto Exchange Launches IEO (Initial Exchange Offering) Platform

Bitfinex, a cryptocurrency trading platform dogged for years by controversy, is launching a platform for the issuing of IEOs (initial exchange offerings). IEOs are essentially a revamped version of the ICO (initial coin offering) except that rather than being sold directly to investors by issuers… Read More

Stakeholder Says Troubled Bitfinex Exchange Has Sold All One Billion IEO Tokens Issued to Cover $850 Million USD Seized

Chinese OTC Bitcoin trader Dong Zhao has once again taken to Chinese mega social platform WeChat to talk up an IEO (initial exchange offering) being issued by Bitfinex, the troubled cryptocurrency exchange in which Zhao reportedly holds equity, Coindesk reports. Bitfinex is owned by iFinex,… Read More

iFinex, Parent Company of Bitfinex and Tether, Asks Court to Void Ex Parte Orders Compelling Records and Freezing Funds

iFinex, parent company of the Bitfinex cryptocurrency exchange and creator of Tether, the world’s most popular “stablecoin” cryptocurrency, has asked a court in New York to “vacate” (render void) ex parte orders issued by the Attorney General of New York compelling iFinex to produce comprehensive… Read More

US Government Asks for Detention of Crypto Capital Head and Alleged “Shadow Banker” to Bitfinex

The US government has asked a judge in Arizona to detain Reginald Fowler, 60, who was arrested April 30th and charged with bank fraud, operation of an unlicensed money transmitting business and conspiracy for allegedly providing “shadow banking” services to cryptocurrency exchanges. Regarding the case, the… Read More

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