Andrew Borrok appointed a receiver for the embattled automated trading app.
The action follows allegations of fraud against the app in February.
New York Attorney General Letitia James issued an alert to cryptocurrency investors and a strongly worded warning to industry participants.
FINRA, the SEC and the New York Attorney General’s Office are all making enquiries with the trading app provider.
The document production process has already stretched over a year.
iFinex claimed the NY AG lacked sufficient jurisdiction for an investigation into the company's activities.
Cryptocurrency exchange Bitfinex is planning to issue a proprietary exchange token, according to a shareholder claiming knowledge of the plan.
A Bitfinex shareholder says its CFO told him the exchange needs 'a few weeks' to recover the funds at issue in the New York Attorney General probe.
Cryptocurrency exchanges will likely have to reckon with VPN access as part of any regulatory or law enforcement actions for market manipulation.
From ShapeShift's capitulation to KYC to the New York Attorney General's critical look at exchanges, officialdom is striking heavy blows. Stay tuned.
Coinbase and other exchanges have hit back at claims of vulnerability to market manipulation in a report from the New York Attorney General's Office.
The NY Attorney General's Office stated that many crypto exchanges cannot monitor abusive trading activity, and referred 3 for potential violations.