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Tether and Bitfinex drop opposition to FOIL request citing they have nothing to hide

Published: December 7, 2023

Written by:barnaby

Tether and Bitfinix have nothing to be afraid of. 

Tether and Bitfinex vow to be transparent and open with what goes on within both companies after dropping their opposition to a New York Freedom of Information Law dubbed FOIL.

In the pursuit of transparency, Tether outlined that it does not mean a “wholesale release of all our documents” according to Tether’s recent statement.

Tether and Bitfinex have both confirmed that they will not be appealing the recent FOIL request citing that they both operate on transparency and knowing they have nothing to hide.

The stablecoin company and exchange both reiterated their points at the end of the statement by saying:

Both Bitfinex and Tether stand as the most transparent companies in their industries, and we are committed to maintaining this reputation. 

Our decision to not appeal this FOIL request reinforces our commitment to both responsible business practices and transparency.

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