The New York Attorney General received a green light to continue the investigation against Tether, Inc. and iFinex, the parent company of the Bitfinex exchange. A New York Supreme Court decision established that the companies fell under the jurisdiction of the state of New York, despite the denials of the defendants.
The new decision extends the NYAG procedure and allows the prosecutor to require documents and data to gain a clearer picture of the activity of the two companies. The court upheld its decision to limit the scope of the investigation, preventing a very broad exploration of the companies’ operations. But ...