The decision gives Bitfinex and Tether another 90 days to turn over documents amid the ongoing investigation Online Cigarettes Store USA by the New York Attorney General’s office (NYAG), which filed for an injunction in April after alleging that Bitfinex was trying to cover up the loss of $850 million held by a payment processor called Crypto Capital.
At the time, the NYAG’s office claimed that Bitfinex and Tether had negotiated a line of credit, enabling Bitfinex Newport Cigarettes Shop to borrow as much as $700 million from Tether’s reserves. The line of credit would have allowed the exchange to borrow another $200 million, but an injunction imposed by Cohen in May froze any further lending.
However, Bitfinex and Tether were still required to hand over a number of documents pertaining to the companies’ relationship and the deal. Attorneys for the companies filed a motion to dismiss the NYAG’s case entirely, claiming that the government did not have any jurisdictional authority over the companies, which claimed to not operate in New York or serve any New York-based customers.Before addressing how Donald Trump has been handling the Hong Kong Newport box 100s cigarettes protests, Last Week Tonight‘s John Oliver made sure to point out that the president was looking into buying Greenland this week. Oliver said that it makes sense that Trump would want to buy Greenland because it “is icy, distant and semi-autonomous — exactly Trump’s type.” Cut to a photo of Melania.
With that clever jab out of the way, Oliver turns his attention to the upheaval in Hong Kong, which has been making headlines this week. A series of protests in Hong Kong have been happening for over four months and were a response to legislation that would allow suspected criminals to be extradited to territories where it doesn’t have formal extradition deals. This includes Taiwan, Macau and mainland China. Earlier this week, 5,000 activists occupied Hong Kong Airport, causing the two-day grounding of departing flights. Hong Kong leader Carrie Lam has since suspended the bill. The protests have even put Disney’s forthcoming live-action Mulan in the spotlight as the film’s star, Liu Yifei has expressed support to the Hong Kong police force.