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Bitfinex and Tether have already spent over $500K in a legal battle with NYAG

Yogita Khatri

Cryptocurrency exchange Bitfinex and stablecoin issuer Tether have already spent over half a million dollars in a continued legal battle with the New York Attorney General’s (NYAG) office.

The cost was revealed by the companies’ law firms Steptoe and Johnson LLP and Morgan, Lewis and Blockius LLP in a letter filed with the New York Supreme Court on Tuesday. The letter urged presiding Judge Joel M. Cohen to dismiss the case against Bitfinex and Tether as finding documents for the NYAG’s office has been a costly affair.

“The Respondents have already spent well over $500,000 responding to just those portions of the document demands that were carved out from the stay,” the letter reads.

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