Bitfinex - AllStocks Network

Embattled Crypto Exchange Bitfinex Responds to Second Class Action Lawsuit

Posted on November 26, 2019November 26, 2019 by Rehan Yousaf

The embattled crypto exchange Bitfinex replied to a class action lawsuit made against the company and its sister company Tether in a post on the company website, published on 24th November. The post briefly details the class action complaint filed on the 22nd November, issued in the U.S District Court for the Western District of Washington. The cryptocurrency exchange company compared the lack of solid grounds of the “copycat lawsuit” and its deficits to a…

Tether Calls Explosive Research about Bitcoin Manipulation “Flawed Paper”

Posted on November 10, 2019November 10, 2019 by Ravi Rd

The stablecoin Tether (USDT) has been in the news pretty much since Bitcoin(BTC)trade skyrocketed to its all-time high of $20K at the end of 2017. Several controversies and lawsuits have been hovering around Tether, alleging it manipulatively pushed the Bitcoin’s price to astronomical heights. Several researchers have even published a thorough hypotheses about it. University of Texas’s Professor John Griffin and Ohio State University’s Amin Shams have published a paper that claims Tether was responsible…

Crypto Exchange Bitfinex Cancels the K.im Token Sale Over Regulatory Issues

Posted on November 7, 2019November 7, 2019 by Julie Williams

The infamous cryptocurrency exchange and trading platform Bitfinex has announced on November 5 that it has halted the sale of K.im token on its Bitfinex Token Sale platform for an uncertain period of time due to regulatory issues. Bitfinex further affirmed that the developer of K.im will keep users notify about the token sale once the K.im platform will be fully functional and that everything that surrounds it will comply with current regulations. K.im might…

Research: One Buyer on Bitfinex Manipulated Bitcoin’s Price in 2017

Posted on November 5, 2019November 5, 2019 by Ravi Rd

Bitcoin(BTC)trade touched its all-time high of nearly $20,000 in December 2017, and now researchers at the University of Texas and Ohio State University believe that this rally was fueled by a single big money movement in a new research paper. The academic paper also alleges that the USD-backed stablecoin Tether (USDT) is responsible for the astronomical rise in the BTC price in 2017, allegation which has already been raised previously and that is investigated by…

Crypto Irony? Bitfinex Claims It Is “the Victim of a Fraud” by Crypto Capital

Posted on October 28, 2019October 28, 2019 by Julie Williams

In an effort to set the records straight, the controversial crypto exchange Bitfinex released a statement on Friday, attempting to disengage itself from the Crypto Capital money laundering saga. The Hong Kong-based cryptocurrency firm made it crystal clear that it is, in fact, a victim of the money laundering case. This is in contrast to what the public thought earlier (and some might still believe). Backtrack a little to last week, the police scored yet…

Class Action Lawsuit against Tether and Bitfinex: Manipulated the Crypto Market

Posted on October 8, 2019October 8, 2019 by Julie Williams

The multi-million dollar firm behind the controversial stablecoin known as Tether (USDT) is back in the news again. This time Tether Limited is being accused of being a part of a “fraud,” “pump-and-dump,” and “money laundering” scheme in a new lawsuit. Like a crashing rocket, the crypto community was dealt a big blow earlier in the week when news surfaced of an ongoing class action lawsuit, which claims that the renowned crypto firm (alongside its…

New York Supreme Court Rules the Attorney General has Jurisdiction over Bitfinex

Posted on August 21, 2019August 21, 2019 by Rehan Yousaf

iFinex (the parent company of Bitfinex and Tether) filed a motion in July to dismiss the lawsuit against the company as the New York Attorney General (NYAG) Letitia James doesn’t have jurisdiction over them in this case. On August 19, the Supreme Court dismissed the motion and ruled that the NYAG has jurisdiction over the cryptocurrency exchange Bitfinex. The Supreme Court Judge Joel M. Cohen ordered the NYAG to continue her investigation of the company…

Judge Locks Tether Funds from Cryptocurrency Exchange Bitfinex as NY Lawsuit Advances

Posted on July 30, 2019July 30, 2019 by Rehan Yousaf

The cryptocurrency exchange owned and operated by iFinex Inc, Bitfinex, is still blocked from all monetary transactions with regard to its Tether (USDT) stablecoin reserves due to the ongoing lawsuit led by New York Attorney General. Letita James, the state’s top prosecutor, has accused both the cryptocurrency exchange Bitfinex as well as the stablecoin Tether for violating New York’s law through activities that have allegedly swindled many crypto investors in the State. The Attorney General…

Two Israeli Brothers Suspected of the Crypto Exchange Bitfinex Hack in 2016

Posted on June 23, 2019December 11, 2019 by Ravi Rd

The Israeli media outlet Posta reports that two brothers from Jerusalem, Israel, were arrested by investigators of the national cyber unit at Lahav 433 for stealing $100 million from global crypto exchanges after the investigation had already begun in 2017. In a different report, it is stated that one of the crypto exchanges is no other than Bitfinex, which was indeed hacked in 2016 and consequently over $70 million had been stolen. According to investigators,…

USDT+BTC=? Bitfinex to Deploy Tether on Bitcoin’s Lightning Network

Posted on June 4, 2019June 4, 2019 by Carolyne Walker

Bitfinex, one of the most popular crypto exchanges, has recently announced that it will launch its stablecoin Tether (USDT) on Bitcoin’s blockchain, the Lightning Network – a layer-two micropayments protocol that enables instant, low-cost Bitcoin transactions. Stablecoins are currently trending strong, and Bitfinex wants no stone unturned in order to bring USDT to more blockchains. Previously, the company announced that it will launch its stablecoin on EOS’s blockchain. Currently, Tether is issued on the Omni…

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