A prominent Twitter-based critic of Bitfinex, AB33, has announced his intention to initiate a class-action lawsuit against Ifinex – a BVI based company of which Bitfinex has previously asserted it is owned and operated by. The announcement of AB33’s desire to seek litigation against the company came shortly after the surfacing of documents revealing that Ifinex had been struck off from Singapore’s Accounting and Corporate Regulatory Authority (ACRA) register.
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AB33 Claims to be Organizing Litigation Against Ifinex
On the 11th of December, AB33 published a post stating his intention to organize a “class action against iFinex.” AB33 accuses the exchange of “market manipulation,” “misleading patrons,” and “publicly trading shares of a private company” illicitly.
Most of the accusations likely relate to Bitfinex’s conversion of BFX tokens into iFinex shares following the major hack suffered by the exchange during 2016. After losing ..
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