Search ForexCrunch
  • New York judge Joel M. Cohen suggests attorneys from NYAG’s office, Tether, and Bitfinex meet and decide the scope of the injunction.
  • Once the scope is narrowed, Tether and Bitfinex will then present the documents requested.

Following the filing of a case by the New York City Attorney General’s office a week ago, a Supreme Court judge, Joel M. Cohen has said that he wants the case scope narrowed. The case was filed due to the exchange’s $850 million cover-up to pay customer withdrawals by using a loan from Tether (USDT). The judge needs the office to clear a few things before the affected companies can deliver the documents requested by the AG’s office.

In a hearing held on Monday 6, Cohen had issues with the “substantive and temporal” scope of the preliminary injunction obtained by the New York AG’s office towards the end of April. The judge said:

“The preliminary injunction that we have right now is vague, open-ended and not sufficiently tailored to precisely what the AG has shown will cause imminent harm. I think it’s both amorphous and endless.”

The Attorneys at the New York AG’s office, Bitfinex as well as Tether to decide the scope of the injunction. Cohen added:

“What I would suggest you both do is meet and talk about it, you seem like a reasonable group, in let’s say a week either with a single or proposed revision that accomplishes what we’re trying to accomplish here, and if you can’t, with individual proposals.”