Bitfinex And Tether Win Appeal From New York Supreme Court In $900 Million Case

From forbes.com

Cryptocurrency exchange Bitfinex has won an appeal in the New York Supreme Court, which means it won’t have to turn over documents pertaining to its use of the the cryptocurrency Tether. Such so-called stablecoins are supposed to be backed on a one-to-one basis by the U.S dollar, however New York attorney general Letitia James in April accused the company behind Tether of essentially minting the cryptocurrency for Bitfinex to the tune of $900 million. If the appeal hadn’t been granted, Bitfinex parent company iFinex would have been required to turn over documents pertaining to Bitfinex and the Tether ... (full story)