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Bitfinex and Tether (USDT) Attempt Dismissal of NYAG Case

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Cryptocurrency exchange Bitfinex and Tether have moved for a case dismissal of the suit pending against them by the New York Attorney General’s office.

According to court filings on May 21, the lawyers of Bitfinex and Tether–parent company to the eighth largest cryptocurrency by market capitalization and industry leading stablecoin USDT–are moving to dismiss their ongoing case with the NYAG. The court filings argue that the New York Supreme Court lacks jurisdiction over the pending case and alleged misconduct under consideration by the Attorney General’s office.

In particular, the motion highlights the fact that neither Tether or Bitfinex operate out ...

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