Bitfinex, the world's largest bitcoin exchange with a daily trading volume of $ 657 million dollars, promised to sue critics.
In a statement provided to Coindesk, Bitfinex's in-house counsel, Stuart Hoegner, revealed his decision to cooperate with law firm Steptoe & Johnson to challenge the "bad actors" in the space that would have provided "false information". "Shake the ecosystem of cryptocurrency."
"To date, all the claims made by these bad actors have been patently false and are simply made to agitate the cryptocurrency ecosystem." As a result, Bitfinex has decided to affirm all his rights and legal remedies against this agitator and his associates, " says Hoegner.
Vs Bitfinex. Bitfinex & # 39; ed
Bitfinex and his legal team chose not to reveal the identities of "bad actors" in the space that the company intends to pursue. But Ronn Torossian, public relations manager of Bitfinex, said in a statement that the community would be able to infer the individual that the company is pursuing.
"I think you can deduce who," said Torossian. Bitfinex further pointed out that criticisms of claims such as Bitfinex have made against the company can be viewed as a market manipulation activity that is dishonest and illegal. Bitfinex explained: "In recent months, some parties and their associates have made false and unfounded allegations against Bitfinex, engaging in a potential market manipulation activity that is dishonest and illegal."
Earlier today, December 5, Bitfinex issued a statement to the cryptocurrency community, reaffirming that the Bitfinex lawsuit will be defended. Bitfinex's ed claimed that the company had been trying to "silence" critics, including itself.
"I am formally seeking donations to defend myself against the frivolous lawsuit of Bitfinex, rather than showing their numbers, they seek to silence me," wrote Bitfinex's ed .
In the six hours following the publication of the Bitfinex & ed declaration, Bitfinx received 1 bitcoin as a gift, ie $ 11,500.
"Whoever has just sent me 1 BTC, thanks .The funds sent to my Bitcoin address will be used only for legal fees," said Bitfinex.
1 Bitcoin donation sent to Bitfinex & ed. By Kenny Seger
Other industry experts weigh
Charlie Lee, the creator of Litecoin and former leader of the $ 1.6 billion Bitcoin brokerage Coinbase, argued for the controversy of Tether and Bitfinex. Lee encouraged Bitfinex and Tether's development team to provide evidence that each Tether is backed by a US dollar reserve and third-party verification.
"There is concern that the recent price hike has been made easier by the printing of USDT (Tether) which is not supported by the USD in an account I urge Bitfinex and Tether to perform a third-party verification to prove their reservations.Please do the right thing.Thank you, " Lee said.
Given that Bitfinex remains the largest bitcoin exchange on the global market and that the recent Tether controversy has had a negative impact on Bitfinex's reputation, leaders such as Lee have noted that Tether's credit worthiness would be beneficial to both the company and the entire cryptocurrency community in the long run.
Image from Shutterstock.