New York Court Rules That State Attorney Has Jurisdiction Over Bitfinex

Disclaimer: This story is breaking and will be updated shortly with further details.

The New York State Supreme Court has ruled that the New York Office of the Attorney General (NYAG) has jurisdiction over cryptocurrency exchange Bitfinex.

According to a report by The Block on Aug. 19, this will allow the NYAG to continue its investigation of the exchange over allegations of fraud and misleading investors. 

Issues of jurisdiction had previously been a primary issue of contention in an ongoing case between the state of New York and the exchange.