Anonymous blogger Bitfinex’ed, who markets his or her blog as a place for “exposing possible fraud by largest Bitcoin exchange, Bitfinex/Tether,” has reportedly hired D.C.-based lawyer Steven Palley as part of a potential legal battle between the blogger and the exchange. Bitfinex is currently the third ranked exchange by volume over a 24 hour period according to data from CoinMarketCap, trading a total of around $987 mln by press time.
When reached for comment, Palley declined to give a statement due to security concerns. In December of last year, Bitfinex claimed it had begun pursuing legal action against its critics, including the anonymous blogger Bitfinex’ed. Bitfinex’ed’s problem with the exchange, as detailed on the blogger’s Medium page, is Bitfinex’s relationship with Tether, a US-dollar backed cryptocurrency.