literally laughed out loud
wE aRe UnReGuLatAbLe!!!!!
"That& #39;s a little hollow"
Ah, the classic non-defense defense
"we have no fiduciary duty or otherwise with respect to Tether customers" - Tethers customers remember this.
There& #39;s a platform called Poloniex.

Polonius?

Poloniex.

Poloniex.
this judge is really funny, tbh, I like him
This isn& #39;t a normal secondary market
"Does there come a point where the disposition of dollars is high enough that people would be at real risk if they think that whatever is backing Tether doesn& #39;t exist?

Answer: Customers have no rights, your honor.
THIS IS NOT 74% FOLKS

50% RESERVES
Castiglione pretty funny, too

"I& #39;ll hear about it from my boss if I don& #39;t make the point."
essentially, we& #39;re not in pre-action because we don& #39;t have dirt - we& #39;re in pre-action because we want even more dirt rn
This is good: "we would contend that this injunction should be limited to the line of credit, to the letter of credit only."

@dividebynine - nifty how they don& #39;t want a real audit, huh?
TL; DR (and this is all out already, we just have a transcript now) injunction granted, with conditions. Seems like Finex/Tether& #39;s main point (over and over) is there is no jurisdiction. Period. Anywhere.

Court& #39;s point and AG& #39;s point is Finex can& #39;t seem to prove that.
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