Important News that You Should Not Ignore
Bitfinex and Tether must turn over documents detailing their financial relationship and history to the New York Attorney General’s office (NYAG), a New York Supreme Court justice ruled again on Thursday.
Let’s dive into this case to see what’s it all about. First of all, I’m not a buttcoiner by any means but I’m missing some nuance on this subreddit when Bitcoin and other coins are going up a lot.
The New York Attorney General (NYAG) anticipates the handover of loan documents relating to an alleged $850 million cover-up will be completed in “the coming weeks.”
The NYAG also noted the timeline for documents to be handed over would come after a deadline, previously mediated by the court, that once again ordered the crypto companies to hand over documents outlining their financial relationship.
As such, the NYAG seeks in the letter to extend an injunction, which bars Tether from loaning Bitfinex any further funds, to Jan. 15, 2021. The date has previously been extended on multiple occasions and is again expected to expire this week before the documents are provided.