[2019-05-18]Bitfinex to Have its Injunction Modified by Supreme Court

[Vladdirescu87]

The New York (NY) Supreme Court will modify the injunction against cryptocurrency exchange Bitfinex because it is vague and unclear. The injunction against the company’s digital currency business, was obtained by NYAG. The court made a ruling that Tether should not loan cryptocurrencies to the exchange, unless it is a standard recognized way of doing its commercial activities.

The Hong Kong based cryptocurrency exchange managed by iFinex Inc., revealed in an announcement that this particular motion was decided by Justice Joel Cohen.

https://coinidol.com/bitfinex-supreme-court/

[CryptoBry]

This is a good development working for Bitfinex as the injunction can be more specific and clearer this time. Let's hope that something positive can come out with this case and that it will be the users of the exchange to emerge as the real winners of this saga and not just the business interest of some people either connected or working for the exchange. Everybody will have a fair day at the open and democratic court and so Bitfinex is enjoying this right. May the big lesson of this drama seep in with other exchanges: Do not do anything above the law or its hand will eventually catch you!