Bitfinex appeals the decision of the New York Supreme Court

According to CoinDesk, on August 20th, the New York State Court ruled that it had jurisdiction over Bitfinex to allow the Office of the Attorney General of New York to continue investigations. But according to the latest notice, Bitfinex (iFinex) and Tether are appealing the Supreme Court of New York yesterday. The company stated in the statement: “The court of first instance lacks personal jurisdiction because the service is defective and the complainant has failed to prove that the defendant has engaged in a purposeful activity. The court of first instance lacks the subject matter jurisdiction because the cryptocurrency that is the focus of the complainant’s investigation Not a commodity, nor a security required by the Martin Act."