Tether and Bitfinex Drop Opposition to FOIL Request
“Our decision is rooted in our unwavering commitment to transparency and the belief that we have nothing to hide,” the companies said in a joint statement released on Friday, November 24th.
If granted, a FOIL request would provide access to specific records belonging
to the cryptocurrency exchange and stablecoin issuer. Cryptonewscom has reached out to both
Tether and Bitfinex for additional information pertaining to the details of the request. “However, it’s essential to clarify that transparency does not mean a wholesale release of all our documents,” their statement continued.
“This approach is not in line with standard business practices.” The companies then
called out a number of journalists, including Zeke Faux, Ada Hui, and Shane Shifflet, who lodged the FOIL request for “certain behaviors” and highlighted their “concerns.” In particular, the statement alleges that Faux’s work
“has sometimes extended beyond the boundaries of professional journalism.” However, the companies provided
no explicit examples to support this claim. Additionally, the statement
takes aim at both the Wall Street Journal and Bloomberg, calling the news organizations’ reporting “one-sided and inaccurate.”
