Hong Kong-Based Crypto Exchange Bitfinex Responds to Wells Notice From SEC

Bitfinex, a distinguished Hong Kong-primarily based totally cryptocurrency alternate, has replied to the SEC's Wells Notice. The be aware requested for facts approximately the alternate and its assets. Bitfinex stated it might cooperate with the SEC, however it did now no longer offer any facts.

The SEC had formerly despatched subpoenas to numerous exchanges, consisting of Bitfinex, looking for facts approximately their consumer debts and operations. The fee started out investigating virtual foreign money exchanges in May 2018 after proceedings from traders who misplaced cash whilst fees dropped following the record-breaking rally in bitcoin fees.

Bitfinex stated that it's going to maintain to cooperate with the SEC however that it isn't always capable of offer any extra facts at this time.

Bitfinex became based via way of means of Jan Ludovicus van der Velde in 2011 and has been running given that 2013 as a registered organization in Taiwan. It presently has workplaces in Hong Kong and Taiwan in addition to workplaces in Tokyo and New York City.

The alternate gives crypto buying and selling offerings typically for Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and different famous cryptocurrencies like Dash or Monero (XMR).