Posts tagged Tether Limited.
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On April 25, 2019, the New York Attorney General announced that it had obtained a court order enjoining iFinex Inc. (operator of the Bitfinex digital asset trading platform), Tether Limited (issuer of the “tether” stablecoin) and their affiliated entities from further violations of New York law in connection with ongoing activities that the Attorney General alleges may have defrauded New York investors that trade in virtual currencies. The Attorney General’s investigation focuses on the potential loss or dissipation of over $850 million in customer funds. Bitfinex subsequently issued its own statement denying the Attorney General’s claims and insisting that “we have been informed that these... amounts are not lost but have been, in fact, seized and safeguarded” by unnamed parties.

The Hunton Andrews Kurth Blockchain Blog features opinions and legal analysis as we follow the development and use of distributed ledger technology known as the blockchain.

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