Read on Twitter
literally laughed out loud
wE aRe UnReGuLatAbLe!!!!!
"That'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's a platform called Poloniex.
Polonius?
Poloniex.
Poloniex.
Polonius?
Poloniex.
Poloniex.
this judge is really funny, tbh, I like him
This isn'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't exist?
Answer: Customers have no rights, your honor.
Answer: Customers have no rights, your honor.
THIS IS NOT 74% FOLKS
50% RESERVES
50% RESERVES
Castiglione pretty funny, too
"I'll hear about it from my boss if I don't make the point."
"I'll hear about it from my boss if I don't make the point."
essentially, we're not in pre-action because we don't have dirt - we'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't want a real audit, huh?
@dividebynine - nifty how they don'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's main point (over and over) is there is no jurisdiction. Period. Anywhere.
Court's point and AG's point is Finex can't seem to prove that.
Court's point and AG's point is Finex can't seem to prove that.
