Bitstamp intends to get data from Citibank and Bank of America in court
Cryptocurrency exchange Bitstamp has applied to the court of the Southern District of New York to help it interview Citibank and Bank of America in the current proceedings with the processing service, of which it was a client, writes The Block. The exchange claims that the Danish company CNG Processing has not complied with the terms of the agreement to carry out domestic and international transfers in the interests of its clients.
“CNG made significant delays in opening bank accounts in the United States and when it did open them, these accounts were subject to deposit / withdrawal limits and other transfer restrictions. None of this was stipulated in the agreement between the parties, ”writes Bitstamp.
Subsequently, the exchange decided to terminate the agreement with the service, demanding the return of $ 1.7 million from the security deposit and $ 1 million of client funds. Bitstamp’s lawyers say that CNG refuses to transfer this money, citing the fact that its accounts with the specified banks have been frozen.
“CNG did not provide any documents from Bank of America or Citibank to support its claims regarding the status of these accounts. Seeking information that would shed light on the accuracy and reliability of CNG’s statements regarding the respective accounts at Citibank and Bank of America is of the utmost importance to the ongoing litigation between CNG and Bitstamp, ”the exchange adds..
At the same time, Bitstamp “strongly insists” that the withdrawal of fiat funds from the platform continues.
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