The cryptocurrency exchange giant Bitfinex is in the latest cryptocurrency news, mostly because of the circling allegations which note that it is flouting regulations by allowing US bitcoin traders to access the platform. However, Bitfinex swears that it is trying “super hard” to stop that from happening, even though it admitted that one US Bitcoin trader managed to find his way to the platform.
In an official announcement which was published on Friday, Bitfinex confirmed a new report from The Block that a New York resident had managed to open an account named “ImANYresident.”
Bitfinex swears that even though they are doing everything to prevent things like these from happening, the user managed to sneak and evade the platform’s security restrictions. However, many best cryptocurrency news sites noted that they only relate to checking a box that says they pinky-swear that they are not a US resident.
This is definitely not a good look for Bitfinex, especially because the exchange has come under legal scrutiny for allegedly serving the US Bitcoin traders. The New York Attorney General claimed that Bitfinex, along with stablecoin issuer Tether, has offered unlicensed cryptocurrency services to New York residents up to and including 2019.
However, Bitfinex swears that it is doing all to keep the exchange squeaky clean (even though it doesn’t look like this). The exchange said in the announcement:
“We remind United States persons that they are not welcome on our platform.”
In a bizarre and frankly disconcerting turn, Bitfinex then blamed journalist Frank Chaparro for its seeming inability to enforce its own geographic restrictions.
“We think it’s unfortunate that Mr. Chaparro would rather associate himself with these actions than actively attempt to help us uncover and punish fraudulent behaviour on our platform. This kind of ‘gotcha’ sting also speaks volumes about his and our other detractors’ true motivations,” is what he wrote.
Apparently, Bitfinex swears they are doing all they can to prevent US Bitcoin traders from using the exchange – but the firm believes that it is the media duty to “actively attempt to help….uncover and punish fraudulent behaviour” on its platform, as the coming altcoin news show.
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