Attorney General Letitia James’s request seeking a conference before the New York Supreme Court has now been granted.
The NYAG’s office claimed that it had failed to resolve the matter with the digital currency exchange, necessitating the latest legal action.
The plaintiffs have failed to directly tie Bitfinex to the trading accounts accused of manipulation, according to the digital currency exchange.
Digital currency exchange Bitfinex went down for over five hours on August 12, causing many traders to miss out on opportunities to profit.
The suit points to a University of Texas study, which claims that Bitfinex may have used its Tether to buy large amounts of BTC.
Individuals that can put them in touch with the Bitfinex hacker can get 5% of the total property recovered, while the hacker can get 25%.
Digital currency tracker Whale Alerts has reported that $21,814,820 worth of stolen BTC from the 2016 Bitfinex hack is on the move.
The ruling is the affirmation of a decision allowing the NY Attorney General to proceed with its Martin Act investigation of Bitfinex and Tether.
China is systematically cracking down on OTC digital currency trading, detaining some renowned figures, including Zhao Dong, a prominent investor in Bitfinex.
It looks similar to other P2P/distributed file sharing networks, but Dazaar adds a payments layer that allows users to monetize their data.
Bitfinex has taken legal action in effort to solidify ownership claims to the $880 million in user funds that have vanished.