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Bitfinex Attempts to Recover $880 Million in New Court Filing

Published 10/21/2019, 06:43 AM
Updated 10/21/2019, 07:01 AM
Bitfinex Attempts to Recover $880 Million in New Court Filing

IFinex, the parent company of major cryptocurrency exchange Bitfinex filed a discovery application to regain access to $880 million in funds. Discovery is a law allowing each party to obtain evidence from the other party or parties through the law of civil procedure before the actual trial.

According to the application and supporting declaration by Bitfinex chief financial officer Giancarlo Devasini uploaded by industry news outlet The Block on Oct. 20, the firm filed the document in the Southern (NYSE:SO) California district court on Oct. 18.

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