Cryptocurrency Exchange Bitfinex Prepares For legal Action Against Critics

by Ricky Makan Co-Founder at Unkrypted

Bitfinex, the world’s biggest bitcoin exchange using a $657 million per day trading volume, has pledged to pursue legal actions against critics.

In a Statement provided to Coindesk, their in-house counselor Stuart Hoegner revealed the company’s decision to cooperate with law firm Steptoe & Johnson to challenge “bad actors” in the area which have apparently provided “fake information” to “agitate the cryptocurrency network.”

Hoegner stated

“To date, each claim made by these terrible actors was patently false and made only to disturb the cryptocurrency network. As a result, they have opted to maintain all of their legal rights and remedies against this agitator and his partners.”

Bitfinex vs. Bitfinex’ed

Bitfinex and its own legal team decide on not to disclose the identities of those “bad actors” from the area the provider plans to sue. However, their public relations officer Ronn Torossian said in an announcement that the community would have the ability to assume the specific person that the company is pursuing.

Torossian stated “I Believe you can assume that they further highlighted that the claims critics like Bitfinex’ed have made against the business may be regarded as market manipulation action that’s unethical and unlawful.

On December 5, Bitfinex’ed introduced an announcement into the cryptocurrency community, reaffirming that the litigation of Bitfinex is going to be defended. Bitfinex’ed claimed that the company tried to “silence” critics such as him or herself