With scams and attacks having found a place in the crypto-verse, the involvement of law enforcement is inevitable. While some cases have been put to rest, a few others continue to seek justice in court. One such ongoing case between Bitfinex’s parent company iFinex and the New York Attorney General [NYAG]. As per recent updates pertaining to the case, both the parties involved will reportedly have a conference with the New York Supreme Court.
NYAG Seeks Video Conference With Bitfinex
On Wednesday, the New York Attorney General urged Joel M. Cohen, Judge of the Supreme Court in New York to carry out a video conference with iFinex. NYAG’s latest request follows iFinex’s negligence in producing the documents that the court had previously ordered. The court went on to affirm the video conference and scheduled it for 17 September 2020 at 11:00 AM.
iFinex, Bitfinex, and Tether were subject to immense scrutiny following the cover-up of $850 million funds that were lost. The case has been in court since April 2019 and iFinex has failed to submit documents that were essential for the case. While the NYAG claims that certain documents were key to the ongoing case, iFinex wanted the court to decide otherwise. Back in July, rejecting iFinex’s appeal, the court ordered that Bitfinex, as well as Tether, had a total of 60 days to present the required documents.
Since the crypto platform failed to do so, the NYAG went on request a video conference in light of the same. The filing read,
“At the conference we seek, the OAG will request that the Court order the immediate production of documents and information by Respondents [….]”
The Supreme Court further pointed out that the link to the forthcoming video conference would soon be presented to counsel before the conference. The court order further read,
“The parties are directed to submit letters to the Court, no more than 3 pages in length, outlining their positions on the issues raised above. The letters should be filed on NYSCEF on or before September 14.”