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Blogger ‘Bitfinex’ed’ Hires Legal Counsel to Fight Bitfinex Lawsuit

Blogger 'Bitfinex'ed' Hires Legal Counsel to Fight Bitfinex LawsuitAccording to reports the infamous Twitter handle and blogger, ‘Bitfinex’ed,’ has hired the well-known attorney Stephen Palley to fight against the legal threats posed against the blogger. The legal counsel for Bitfinex, Stuart Hoegner suggested this past December that the blogger may face a lawsuit as Bitfinex said it wasn’t too pleased with the allegations. Bitfinex decided at the time to “assert all of its legal rights and remedies against these agitators and their associates.” Also Read: The Bitcoin Misery Index: Finding An Entry Way With Sadness

Attorney Stephen Palley: “‘Hires Law Firm to Silence Critics.’ Not a Great Look”

Blogger 'Bitfinex'ed' Hires Legal Counsel to Fight Bitfinex LawsuitOver the past year, there’s been a very prominent Twitter handle and blogger named ‘Bitfinex’ed’ who’s been making an awful lot of claims against the exchange Bitfinex. The allegations have shown leaked documents, evidence that ties the trading platform to controversial Tether (USDT) and other discrepancies. Last year when the reports of Bitfinex filing a suit against the blogger were published an attorney from the DC-based law firm Anderson Kill, Stephen Palley, commented on the legal threats on Twitter. Palley wrote at the time:   ‘Hires law firm to silence critics.’  Not a great look — They’d have to come here for depositions, respond to RFPs, interrogatories, RFAs, rule 26 disclosures … and they have the burden of proof — And they can’t restrain future speech — They probably assume that this person can’t afford to defend themselves.

Legal Consequences

Now according to a recent letter written by Palley to Bitfinex details that the anonymous blogger ‘Bitfinex’ed’ is now his client. “As you know, threats have been made and continue to be made against @bitfinex’ed. If we learn that your client is directly or indirectly responsible for these threats, or if any harm should take place to @bitfinex’ed as a result of these threats, there will be legal consequences,” the letter from Palley warns. Blogger 'Bitfinex'ed' Hires Legal Counsel to Fight Bitfinex LawsuitAttorney Stephen Palley. Reports detail that Palley was hired after he made his comments on Twitter about the lawsuit threats. Bitfinex has not responded publicly to the newly acquired representation the anonymous blogger hired or the letter. Palley is known for his commentary on Twitter concerning initial coin offerings (ICOs) and cryptocurrency litigation. Palley has also made statements in the past about other lawsuits taking place within the digital currency industry. Recently the ‘Bitfinex’ed’ Twitter handle was suspended but the account is now back online, and he/she recently shared the news of the newly hired legal team. The anonymous individual has also been accepting donations for the legal battled and has accumulated 2.49 BTC ($22K USD). What do you think of the anonymous blogger hiring legal counsel to fight back against possible lawsuits filed by Bitfinex? Let us know what you think of this case in the comments below.
Images via Shutterstock and Twitter. 
Do you like to research and read about Bitcoin technology? Bitcoin is a decentralized digital currency that enables near-instant, low-cost payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority: transaction management and money issuance are carried out collectively by the network. Read all about it at wiki.Bitcoin.com. The post Blogger ‘Bitfinex’ed’ Hires Legal Counsel to Fight Bitfinex Lawsuit appeared first on Bitcoin News.

Thai SEC: Only Seven Crypto Firms Authorized to Legally Operate in Thailand
Thai SEC: Only Seven Crypto Firms Authorized to Legally Operate in Thailand

The Thai Securities and Exchange Commission (SEC) has announced the names of seven cryptocurrency firms that have been authorized to legally operate in the country. Five of them are crypto exchanges; two are cryptocurrency dealers. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Seve...

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Bitangels Co-Founder Sues AT&T for $224 Million Over Cryptocurrency Hack
Bitangels Co-Founder Sues AT&T for $224 Million Over Cryptocurrency Hack

The cryptocurrency investor Michael Terpin is suing the large telecom firm AT&T because his mobile phone was compromised by hackers who stole $24M USD worth of digital assets. Terpin says he was hacked twice in less than a year and employees at AT&T participated in a SIM swap fraud. Also rea...

16.08.2018, 04:25Read more
Five Benefits to a Bear Market
Five Benefits to a Bear Market

We’ve been in a slump for a while now, and by the looks of it will remain in one for a good while longer. How long, how low, and how slow the recovery is anyone’s guess. If you’re reading these words, you’re still here, and thus it’s safe to assume you’re in this for the […] The post Five Bene...

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