CFTC Denies FOIA Request for Bitfinex and Tether Subpoenas

CFTC Denies FOIA Request for Bitfinex and Tether Subpoenas

The top U.S. futures regulator has denied a Freedom of Information Act (FOIA) request for subpoenas reportedly issued to crypto exchange Bitfinex and the closely-linked ‘stablecoin’ technicus Tether, according to records obtained by CoinDesk.

The FOIA request, filed by an individual who requested anonymity when speaking to CoinDesk, sought “subpoenas issued to iFinex inc. also known spil Bitfinex and it’s subsidiary companies, spil well spil subpoenas issued Tether Limited and its subsidiary companies” and wasgoed originally submitted te February.

The filing came weeks after reports very first indicated that Bitfinex and Tether had bot subpoenaed by the Commodity Futures Trading Commission (CFTC), tho’ it’s not clear what, exactly, is being investigated. That news followed the revelation that the relationship inbetween Tether – which operates the dollar-linked token USDT – and its auditor, Friedman, had “dissolved.”

Ter its response to the FOIA request, dated June Five, the CFTC wrote that it found “thousands of responsive records, all of which are exempt from the FOIA’s disclosure requirement,” going on to cite a number of exemptions ter denying the request, including one commonly applied to law enforcement investigations.

“Some records are exempt from disclosure under FOIA Exemption 7(A), Five U.S.C. § 552(b)(7)(A), because disclosure of that material could reasonably be expected to interfere with the conduct of the Commission’s law enforcement activities,” the letterteken stated.

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The letterteken contained another exemption citation aimed at protecting the confidentiality of sources, noting:

“Some records were obtained on the condition that the agency keep the source of the information confidential. Those records are exempt from disclosure under FOIA Exemption 7(0), Five U.S.C. § 552(b)(7)(D). That exemption is intended to ensure that “confidential sources are not lost because of retaliation against the sources for past disclosures or because of the sources’ fear of future disclosures.”

“Wij routinely receive reglamentario process/inquiries from law enforcement agents and regulators conducting investigations, and it is our policy not to comment on the specifics of any such requests,” Bitfinex’s head of marketing, Kasper Rasmussen, told CoinDesk by email.

When reached, a representative for the CFTC declined to comment, adding that it could not confirm or deny the existence of any investigations.

FOIA pic via Shutterstock

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The leader te blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a stringent set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests te cryptocurrencies and blockchain startups.


  1. bitfinex is a superb exchange to use but its still only crypto ter or out ie no FIAT gateway which is one advantage that Losbreken suggested. The trading fees are fine some coins withdraw fees are lower than others but if you don’t budge things te and out to often then its not that bad.

  2. Did you have money on bitfinex? Were you alarmed or certain? I had a few grand on there, far more than usual… Super glad it turned out ok, but still let this be a reminder to mij and everyone else, storing coins on an exchange is more scary than on a secure private wallet.

  3. I could loom ter to bitfinex yesterday, when it wasgoed ‘down’ for maintenance. All it said wasgoed that trading wasgoed not available. But now, I can’t even get the pagina to explosion. Could it be that too many people are attempting to loom on at merienda? I hope that’s the reason, and nothing more sinister than that!

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