Tether e Bitfinex adottano un approccio trasparente alla richiesta FOIL
- Tether e Bitfinex hanno affermato che il rilascio dei documenti potrebbe mettere a repentaglio il loro vantaggio competitivo e la loro strategia di investimento.
- CoinDesk ha affermato che il rilascio dei documenti era nell'interesse pubblico.
L'emittente stablecoin Tether e l'exchange di criptovalute Bitfinex hanno ritirato la loro opposizione alla richiesta FOIL (Freedom of Information Law) presentata da CoinDesk e altri importanti organi di stampa. Entrambe le società hanno affermato che la decisione rientra nei loro piani per abbracciare la trasparenza.
However, Tether and Bitifinex said that they would not be publicly disclosing any documents, citing the approach as inconsistent with their business practices, noting that “transparency does not mean a wholesale release of all our documents.”
Le società indicate in a dichiarazione on Friday that while they will not file an appeal in response to some journalists’ FOIL requests, they are still “open to constructive engagement with journalists and regulatory authorities who adhere to ethical reporting standards and respect data privacy boundaries.”
Tether tried to block CoinDesk’s FOIL request for information about its riserve. In June 2021, CoinDesk requested documents generated during the New York Attorney General’s investigations into claims that Tether’s USDT was not adequately backed by reserves from mid-2019 to early 2021.
CoinDesk, in its FOIL request, sought records about Tether’s reserves, claiming the release of these documents was in the interest of the public. However, Tether filed a request with the New York Supreme Court to prevent these documents from being made public.
The company argued that releasing these documents could jeopardize its competitive advantage, affect its relationship with its partners, and reveal its investment strategy. A New York judge, however, rejected Tether’s appeal.
Tether also accused some media outfits of being “one-sided and inaccurate,” citing The Wall Street Journal and Bloomberg, whose journalists are taking part in the current FOIL request. Some of the prominent journalists who put forward the FOIL request include Zeke Faux, Shane Shifflett, and Ada Hui. Interestingly, Tether slammed the journalists for exhibiting unprofessional behavior.
Both companies claimed that Faux’s previous reports on Bitfinex and Tether “extended beyond the boundaries of professional journalism.” Additionally, Tether and Bitfinex clarified that their transparency initiatives do not “equate to unrestricted public disclosure of all documents.” Furthermore, both companies demanded “responsible document review” from the parties involved.