Earliertoday,theNewYorkAttorneyGeneral’sofficereleasedanorderitobtained–withoutnoticeorahearing–inanattempttocompelBitfinexandTethertoprovidecertaindocumentsandseekingcertaininjunctiverelief.
TheNewYorkAttorneyGeneral’scourtfilingswerewritteninbadfaithandareriddledwithfalseassertions,includingastoapurported$850million“loss”atCryptoCapital.Onthecontrary,wehavebeeninformedthattheseCryptoCapitalamountsarenotlostbuthavebeen,infact,seizedandsafeguarded.Weareandhavebeenactivelyworkingtoexerciseourrightsandremediesandgetthosefundsreleased.Sadly,theNewYorkAttorneyGeneral’sofficeseemstobeintentonunderminingthoseeffortstothedetrimentofourcustomers.
BitfinexandTetherhavebeenfullycooperativewiththeNewYorkAttorneyGeneral’soffice,asbothcompaniesarewithallregulators.TheNewYorkAttorneyGeneral’sofficeshouldfocusitseffortsontryingtoaidandsupportourrecoveryefforts.
BothBitfinexandTetherarefinanciallystrong–fullstop.AndbothBitfinexandTetherarecommittedtofightingthisgrossoverreachbytheNewYorkAttorneyGeneral’sofficeagainstcompaniesthataregoodcorporatecitizensandstrongsupportersoflawenforcement.BitfinexandTetherwillvigorouslychallengethis,andanyandallotheractions,bytheNewYorkAttorneyGeneral’soffice.
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