Within a day of learning it had to cease operating in New York, Bitfinex issued a rebuttal desperately trying to explain it is financially solid. Its letter coincided with one from Tether.
On Thursday, New York Attorney General Letitia James obtained a court order to shut down the pair from operating in the state over the loss of $850 million funds through some questionable happenings.
Both Bitfinex and Tether claim the Attorney General’s move was in bad faith.
In their rebuttals, Bitfinex and Tether tried to defend themselves by saying the order, which is seeking injunctive relief, was obtained without notice or a hearing in an attempt to compel Bitfinex and Tether to provide certain documents.