NYAG shuts down Coinseed for converting customer funds into DOGE without consent

The New York Attorney General (NYAG) has won a victory against crypto exchange Coinseed for its dodgy dealings with Dogecoin and defrauding its customers.  On Sept. 13 NYAG Letitia James ordered Coinseed Inc. to permanently halt operations and pay $3 million in fines after it had been accused of freezing withdrawals and converting client funds… Continue reading NYAG shuts down Coinseed for converting customer funds into DOGE without consent

Tether to File Motion With NYAG to Dismiss Class Action Lawsuit

Tether has released a letter of intent saying that it plans to file a motion to dismiss the lawsuit that claims it manipulated the crypto market. The class action lawsuit seeks retribution for damages of more than $1 trillion. It’s based on an allegation made by the New York Attorney General’s office in April that… Continue reading Tether to File Motion With NYAG to Dismiss Class Action Lawsuit

NYAG Pushes Back on Bitfinex's Claim That State's Investigation Is Burdensome

Quit whining, Bitfinex. That’s the message of the latest court filing by the New York Attorney General’s office (NYAG) in its ongoing case against the cryptocurrency exchange and affiliated stablecoin issuer Tether. Earlier this week, Bitfinex and Tether’s lawyers complained to New York State Supreme Court Judge Joel M. Cohen that the companies had spent $500,000… Continue reading NYAG Pushes Back on Bitfinex's Claim That State's Investigation Is Burdensome

Judge Punts on Decision in NYAG Case Against Bitfinex and Tether

A New York judge has punted on deciding whether crypto exchange Bitfinex and stablecoin issuer Tether need to turn over documents and otherwise comply with a state investigation. The New York Attorney General’s office (NYAG) is looking into allegations that Bitfinex covered up the loss of nearly $1 billion in client funds by borrowing from… Continue reading Judge Punts on Decision in NYAG Case Against Bitfinex and Tether

Bitfinex to Have its Injunction Modified by Supreme Court

The New York (NY) Supreme Court will modify the injunction against cryptocurrency exchange Bitfinex because it is vague and unclear. The injunction against the company’s digital currency business, was obtained by NYAG. The court made a ruling that Tether should not loan cryptocurrencies to the exchange, unless it is a standard recognized way of doing… Continue reading Bitfinex to Have its Injunction Modified by Supreme Court

NYAG Warns Bitfinex For Using Tether Funds To Cover $850 Mln Loss

The New York Attorney General’s office has announced that it obtained a court order against iFinex Inc., which operates major cryptocurrency exchange Bitfinex and affiliated stablecoin operator Tether, warning it not to violate New York law and defraud New York residents in future. NYAG Letitia James said in a statement that an investigation by prosecutors… Continue reading NYAG Warns Bitfinex For Using Tether Funds To Cover $850 Mln Loss