Finex is just frozen cause banks being a beech. (Well's Fargo in particular)
actually bitfinex 'dun goofed' they thought by using tether they didnt have to follow al fiat regulations.
but because tether is a 1:1 pegged currency to fiat, it is deemed as a 'virtual/e-money' representation of fiat' and thus still has to abide by fiat regulations..
much like paypal dollars in their mysql database is not real fiat, it is 'virtual/e-money representation of fiat'
bitfinex withdrew its complaint against wells fargo because they realised they 'dun goofed' and wouldnt win against wells fargo
Maybe it is that reason why their bank accounts are all frozen? I believe there is more to the story than a simple KYC/AML problem. Insolvency could not really be Bitfinex's main problem.