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In the case that never sleeps, #Bitfinex filed its Reply to Vacate the April 24, 2019 Ex Parte Order. First: congrats to lawyers working on Cinco de Mayo. You know a defendant is pissed when its lawyers file stuff on the weekends! iapps.courts.state.ny.us/fbem/DocumentDā€¦
1) Let's get into what the lawyers had to say: Bitfinex's lawyers' first arrow is that the OAG failed to explain how tethers qualify as a security or commodity covered under the Martin Act. Ultimately, this is a TERRIBLE argument for Bitfinex. #RegulatorsAreGoingToRegulate
2) Bitfinex lawyers have gone from "we have fully cooperated" to "the OAG has asked us for #blunderbuss document demands." Wait, I thought #Blockchain was about transparency and Bitfinex was fully cooperating. #ICalledBSBeforeAndIStandByMyAssertionOfBS
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