By Jolene E. Negre

On April 17, the New York Attorney General’s Office released a statement that it has launched a fact-finding inquiry into 13 cryptocurrency exchanges. Questionnaires were sent to the following exchanges:

• Coinbase, Inc. (GDAX)
• Gemini Trust Company
• bitFlyer USA, Inc.
• iFinex Inc. (Bitfinex)
• Bitstamp USA Inc.
• Payward, Inc. (Kraken)
• Bittrex, Inc.
• Circle Internet Financial Limited (Poloniex LLC)
• Binance Limited
• Elite Way Developments LLP (Tidex.com)
• Gate Technology Incorporated (Gate.io)
• itBit Trust Company
• Huobi Global Limited (Huobi.Pro)

The text of the questionnaires can be found here.

The Attorney General’s release suggests that the inquiry is part of a broader investor protection effort and emphasizes a greater need for transparency and accountability… 

To read the full Jenner & Block client alert on this subject, please click here.