Q from a reader: So let's say NY AG takes action against iFinex, they are legally restrained, etc. What are the enforceable consequences? What happens if they say "lol we're not in the US we'll do stuff anyway"? Crypto twitter lawyers, just how touchable is iFinex by NY?
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“We regret to inform you that it would be difficult to comply w/ that request because Bitfinex is the central credit provider to the crypto ecosystem and under reasonable assumptions almost everyone is an affiliate.” “Your phrasing seems to indicate you think that is my problem.”
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from what the NY AG has been producing, I'm pretty sure they've been subpoenaing a LOT of such exchanges already those being the rare exchanges you can get actual US dollars out of but yeah, cutting iFinex off from dollars ~entirely. OTOH I'm sure iFinex realise that's next.
End of conversation
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