york780
Sr. Member
****
Offline Offline

Activity: 392
Merit: 250



View Profile Personal Message (Offline)

Ignore
April 11, 2017, 08:07:19 PM

A post on reddit questions whether that bank wanted bitfinex to sue it. If the bank loses and the government questions why its processing bitfinex wires it can say it was ordered to by a court. Likewise, if the bank wins it doesn't have to worry about trouble from the government. Whatever the result it will straighten out the legalities of processing wires from exchanges.

Makes sense. In the meantime we're going to end up with BFX doing a Gox style price uncoupling which isn't a good look for anyone.
Would it result in a GOX like crash? Interesting scenario.