Tagged: bitfinex

August 20, 2019 @ 9:55 pm By Cali Haan  |  

A judge presiding over proceedings in a case of alleged fraud by crypto trading platform Bitfinex (and associated companies) has ordered the companies to provide records compelled under ex parte orders issued in New York in April. Almost immediately after the orders were issued, Bitfinex… Read More

August 3, 2019 @ 9:45 am By Cali Haan  |  

Lawyers for Bitfinex, iFinex, and Tether, cryptocurrency companies currently under investigation for fraud in New York sent a letter to the presiding judging promising to appeal if the case against them is not dismissed. They also asked Judge Joel M Cohen to preclude them from having… Read More

August 1, 2019 @ 2:52 am By Cali Haan  |  

An unnamed OTC trading desk in Moscow is selling up to $30 million USD in “tethers” per day to Chinese merchants sending proceeds home, Coindesk reports. Until 2018, the favoured currency for this type of transacting was reportedly Bitcoin, but Chinese merchants have lately started dumping… Read More

July 31, 2019 @ 11:18 pm By Cali Haan  |  

Lawyers for the crypto exchange Bitfinex (and associated companies iFinex and Tether) have sent a letter to the judge presiding over anti-fraud proceedings against them in New York threatening to appeal if the judge does not dismiss the case against them. The letter from Bitfinex… Read More

July 30, 2019 @ 11:32 pm By Cali Haan  |  

Tenacious and liquid crypto exchange Bitfinex and affiliate companies had hoped that a fraud case brought against them by the New York Attorney General (NYAG) would be wrapped up this week. Instead, a formerly sympathetic judge has granted an extension, The Block reports. Bitfinex, iFinex, and… Read More

July 23, 2019 @ 7:30 am By Cali Haan  |  

Bitfinex, iFinex, and Tether, cryptocurrency companies defending themselves against fraud allegations in New York, are claiming that the New York Office of the Attorney General (OAG) has failed to substantiate claims the companies facilitated trades for New York residents without being licensed to do so…. Read More

July 11, 2019 @ 11:25 am By Cali Haan  |  

IDEX, a “DEX” (decentralized exchange) registered in Panama and billing itself on Twitter as the “Number 1 Hybrid DEX on Ethereum,” has announced it is delisting LEO, a controversial exchange token created by Bitfinex. Bitfinex, it’s parent company iFinex and fellow subsidiary company Tether have… Read More

July 10, 2019 @ 1:00 am By Cali Haan  |  

The Attorney General of New York (NYAG) has submitted a memorandum in court documenting iFinex/Bitfinex/Tether’s “extensive ties to New York” and disputing the Seychelles-registered companies’ claims that New York authorities have no jurisdiction and that its fraud investigation is impeding business. iFinex and subsidiaries Tether… Read More

July 1, 2019 @ 2:42 pm By Cali Haan  |  

A trader at Maple Leaf Capital has taken to Twitter to present an unflattering analysis of the Bitfinex crypto trading platform’s 1st IEO (Initial Exchange Offering) token “Ampleforth” (AMPL). (0) This will be a thread about Bitfinex’s 1st ieo – Ampleforth $AMPL. Whilst with a… Read More

June 25, 2019 @ 5:45 pm By Cali Haan  |  

Two computer programmers in Israel, brothers Eli and Assaf Gigi, have been arrested in Jerusalem and accused of operating a sprawling phishing scam that helped them steal 120 000 bitcoins from the Bitfinex trading platform in 2016. According to Israeli crime reporting site Posta, “They… Read More

June 15, 2019 @ 10:48 am By Cali Haan  |  

Bitfinex, a cryptocurrency trading platform and sister company to stable coin-issuer Tether, announced June 14th that buybacks of its LEO token, issued to help cover operational shortfalls, have begun. LEO token bought back are purportedly being “burned” (decommissioned) by the issuer. About a billion tokens… Read More

June 14, 2019 @ 10:28 am By JD Alois  |  

Ampleforth (AMPL) reports that its initial exchange offering (IEO) raised a solid $5 million in just 11 seconds. The IEO was completed via BitFinex and Ethfinex’s Tokinex platform. Tokinex is Bitfinex’s IEO platform. AMPL tokens are expected to be distributed to holders within the next… Read More

June 12, 2019 @ 2:14 pm By Samantha Hurst  |  

Cryptocurrency exchange OKEx announced on Wednesday the listing of its native token, OKB, on another leading cryptocurrency exchange, Bitfinex. Bitfinex will also list USDK, which is a stablecoin co-developed by OKLink, a blockchain technology company, and Prime Trust. “Empowering OKEx’s ecosystem, OKB allows OKEx users… Read More

June 10, 2019 @ 11:15 pm By Cali Haan  |  

160 Bitcoins stolen in a massive hack on the Bitfinex cryptocurrency exchange in 2016 started moving across the blockchain late last week after being dormant for more than 2 years, Hard Fork reports. The cryptocurrency is part of a stash of 744 408 Bitcoins taken… Read More

May 23, 2019 @ 8:26 am By Cali Haan  |  

Bitfinex, a cryptocurrency trading platform dogged for years by controversy, is launching a platform for the issuing of IEOs (initial exchange offerings). IEOs are essentially a revamped version of the ICO (initial coin offering) except that rather than being sold directly to investors by issuers… Read More

May 10, 2019 @ 8:20 am By Cali Haan  |  

Chinese OTC Bitcoin trader Dong Zhao has once again taken to Chinese mega social platform WeChat to talk up an IEO (initial exchange offering) being issued by Bitfinex, the troubled cryptocurrency exchange in which Zhao reportedly holds equity, Coindesk reports. Bitfinex is owned by iFinex,… Read More

May 7, 2019 @ 7:51 am By Cali Haan  |  

iFinex, parent company of the Bitfinex cryptocurrency exchange and creator of Tether, the world’s most popular “stablecoin” cryptocurrency, has asked a court in New York to “vacate” (render void) ex parte orders issued by the Attorney General of New York compelling iFinex to produce comprehensive… Read More

May 6, 2019 @ 9:40 am By Cali Haan  |  

The US government has asked a judge in Arizona to detain Reginald Fowler, 60, who was arrested April 30th and charged with bank fraud, operation of an unlicensed money transmitting business and conspiracy for allegedly providing “shadow banking” services to cryptocurrency exchanges. Regarding the case, the… Read More

May 5, 2019 @ 8:49 pm By Cali Haan  |  

Controversial cryptocurrency company iFinex, operator of several crypto exchanges and the issuer of billion-dollar “stablecoin,” Tether, has issued a “marketing document” outlining its plans to create a new IEO (Initial Exchange Offering) token, LEO, that the company may use to cover operating expenses and hypothetically… Read More

May 2, 2019 @ 4:26 pm By JD Alois  |  

TrustToken, a stablecoin issuer building a portfolio of fiat backed crypto, has commented on the Bitfinex and Tether news pertaining to the lawsuit filed by the New York Attorney General alleging fraud. TrustToken threw shade at the targets of the lawsuit saying the news did… Read More