Despite concerns that have arisen regarding the nature of the most recent NY FOIL request received by Tether and Bitfinex, particularly in light of certain behaviors exhibited by the journalists making that request, including Zeke Faux, Shane Shifflett, and Ada Hui, we want to make it clear that Tether and Bitfinex will not be further appealing this FOIL request. Our decision is rooted in our unwavering commitment to transparency and the belief that we have nothing to hide.
Zeke Faux’s previous work on Tether and Bitfinex has sometimes extended beyond the boundaries of professional journalism, and we have also observed one-sided and inaccurate reporting from various media outlets, including the Wall Street Journal and Bloomberg, whose journalists are participating inthis FOIL request. Our goal is to set a higher moral standard and lead by example.
Our dedication to transparency never compromises our commitment to handling business information responsibly. We remain open to constructive engagement with journalists and regulatory authorities who adhere to ethical reporting standards and respect data privacy boundaries. We also believe that responsible document review and handling is essential before any public release, and we stress that transparency does not equate to unrestricted public disclosure of all documents.
Both Bitfinex and Tether stand as the most transparent companies in their industries, and we are committed to maintaining this reputation. Our decision to not appeal this FOIL request reinforces our commitment to both responsible business practices and transparency.
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