Tuesday, 30 April 2019

No, Bitfinex’s seized $850 million is not likely to be unfrozen within weeks @TheBlock__ #Bitfinex #Genesis #Regulation #Research #Tether #bank #crypto capital #NY AG #nyag #nysag #poland

The extent of the fallout after the New York State Attorney General (NYAG) The extent of the fallout after the New York State Attorney General (NYAG) sued Bitfinex is still taking shape, but we do know that $850 million belonging to Bitfinex’s customers is currently missing, or rather, inaccessible. Bitfinex executives have made reassurances that the seized funds would be released within weeks, but a deep dive into information currently known shows that is unlikely to be the case.

The series of events that led us here started in March of 2017, when Bitfinex, registered in the British Virgin Islands, was working with a range of banks in Taiwan. Wells Fargo, the last remaining U.S.

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source https://www.tokentalk.co/The Block/no-bitfinexs-seized-850-million-is-not-likely-to-be-unfrozen-within-weeks-5cc8a9415e27663e7ced63a7

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