"Bitfinex and Tether do not transact with any New York ECPs. All references to New York-based trading or virtual currency firms … refer to foreign entities"
"The loan repayment is evidence that Bitfinex is financially healthy...and that OAG's alleged concern over the "backing" of tether is unfounded. ... Tether has had no difficulty redeeming tether holders at par-not once, not ever."
“ ... a concern about a highly uncertain regulatory environment ...This proceeding is a perfect example of what the Companies, at the cost of losing significant potential business, had intentionally tried to avoid. "
"The Companies do not advertise or market to individuals or entities in the United States or New York.”
“…vendor relationships have nothing to do with the OAG’s allegations…”
“Respondents in fact produced a significant amount of data and documents related to unverified users of the Bitfinex platform ... 70k pages of documents ... across 10 different communications platforms”
The company's business does not relate to the secondary market trading of USDT on other platforms
Other virtual tokens trading on Bitfinex are not related to the 354 order and are not customers