On July 29th, Deng Jianpeng, a professor at the Central University of Finance and Economics Law School, said today: "The stable currency of TEDA can reach 28 billion US dollars a day. This black box operation company is currently the biggest potential risk in the cryptocurrency market! A few people use TEDA to trade virtual currency, and the New York State Attorney General sued TEDA in the name of protecting consumer rights. Chinese citizens use a large group of TEDA, but there is no regulatory agency to do something for the protection of their citizens' rights. Turning a blind eye, it doesn't mean there is no such thing.” It is reported that the New York Supreme Court will hold a hearing on the case of the US Attorney General's Office in July to sue Bitfinex and Tether.