id author title date pages extension mime words sentences flesch summary cache txt ag-ny-gov-6413 Attorney General James Ends Virtual Currency Trading Platform Bitfinex’s Illegal Activities in New York | New York State Attorney General .html application/xhtml+xml 1943 135 56 Attorney General James Ends Virtual Currency Trading Platform Bitfinex's Illegal Activities in New York NEW YORK – New York Attorney General Letitia James today continued her efforts to protect investors from fraudulent and deceptive virtual or "crypto" currency trading platforms by requiring Bitfinex and Tether to end all trading activity with New Yorkers. However, an investigation by the Office of the Attorney General (OAG) found that iFinex — the operator of Bitfinex — and Tether made false statements about the backing of the "tether" stablecoin, and about the movement of hundreds of millions of dollars between the two companies to cover up the truth about massive losses by Bitfinex. The OAG investigation determined that to be untrue and that the companies have operated for years as unlicensed and unregulated entities, illegally trading virtual currencies in the state of New York. ./cache/ag-ny-gov-6413.html ./txt/ag-ny-gov-6413.txt