Bitfinex has been granted a stay on document demands, meaning the iFinex market operator is not obliged to disclose documents based on the New York Attorney General’s demands. This development, for now, will pause some of the heated discussions surrounding iFinex, Bitfinex, and Tether, issuer of the USDT stablecoin.
While many in the crypto community have been highly critical and skeptical of iFinex and Tether, the court of law was convinced that the investigation was too broad and onerous.
“Today, the Hon. Joel M. Cohen of the New York Supreme Court (Commercial Division) entered an order granting our motion for an immediate stay of the document demands, requiring the companies to produce only documents and information relevant to the limited issue of wh...