Bitfinex Claims Victory Over Supreme Court Ruling
It has been reported that the scope of the Attorney General’s investigation into Bitfinex and Tether is too broad and has a time limit.
By claiming victory, Bitfinex seems to insinuate that the case will go nowhere.
Bitfinex has already admitted that it has lost access to around $850 million USD and Tether Limited has revealed that it was only partially backing the word’s first Stablecoin.
The decision enables Bitfinex and Tether to continue doing their business with the condition that the latter will not lend the former.
It must be noted that the current case does not involve or concern the legitimacy of Tether (USDT) nor if it is 100% backed by the greenback, however, Attorney General’s main concern is Bitfinex and Tether’s business dealings together which were not disclosed to its investors.
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