Bitfinex CFO has assured shareholders that the reported missing funds by the NYSAG lawsuit are in fact safe and will be accessible in a few weeks, according to reporting by CoinDesk who spoke with Bitfinex shareholder Zhao Dong.
According to Dong, the CFO personally assured that the exchange needs a few week to unfreeze the funds.
Earlier today Bitfinex issued an official response saying the “court filings were written in bad faith and are riddled with false assertions.” They further denied the loss of $851 million from Crypto Capital and instead claim the funds have been “seized and safeguarded.”
Another shareholder, Tian Jia, told CoinDesk that the exchange's executives have continued to communicate with shareholders, noting that they are working on resolving the issue.
“Because it is customers’ money, it’s not stolen cryptocurrency, it’s fiat. It can’t be stolen. It’s only frozen by the [regulators], and [Bitfinex is] trying to get it back by approaching Panama and the [U.S. Attorney General]. They have been communicating all along," Jia told CoinDesk.
Details from the suit paint a picture of Bitfinex and Tether engaging in “undisclosed, conflicted transactions to cover Bitfinex’s losses by transferring money out of tether reserve funds.” According to the Attorney General’s office (OAG) at least $700 million was drained from Tether’s reserves to cover the inaccessible $851 million.
source https://www.tokentalk.co/The Block/bitfinex-cfo-assures-shareholders-missing-funds-are-still-there-and-will-be-released-in-a-few-weeks-5cc38f5162fbeeea2c095694
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