Crypto exchange Bitfinex and stablecoin operator Tether have asked a New York court to compel the state’s attorney general to deny a request for information submitted by crypto industry publication CoinDesk.
Under New York’s Freedom of Information Law, members of the public can submit requests for access to government records, such as court documents or records pertaining to legislators and their work.
CoinDesk filed a Freedom of Information Law request, or FOIL, for documents detailing Tether’s reserve breakdown. Bitfinex and Tether produced this information to the NYAG in May of this year as part of its settlement agreement with the agency — an agreement which closed a months-long legal fight between the two over whether parent company iFinex co-mingled funds and misrepresented the reserve backing of USDT.
According to CoinDesk, Tether’s attorneys initially asked the NYAG FOIL officer to deny the request, and they complied. CoinDesk appealed then appealed that decision and saw
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