Two shareholders of the Hong Kong-based, high-profile crypto exchange Bitfinex claimed to not concerned with the fraud allegations made by the N.Y Attorney General, towards Bitfinex insolvency.

The New York Attorney General has accused Bitfinex of covering an $850 million fraud in its 2018 financial report with $625 million received from Tether – a company run by Bitfinex board – followed by an additional $900 million in iFinex shares. Bitfinex has reportedly paid Tether the $600 million back, reported by Coindesk.

Zhao Dong – one of Bitfinex shareholders – has confirmed the solvent state of the crypto firm by revealing the total combined fund of Bitfinex and Tether exceeds $3 billion and that the ongoing state is only temporary and will be resolved shortly. Tether and Bitfinex have also responded to the N.Y Attorney General filings via blog posts on their official web page, stating the allegations are reportedly full of “false assertions”.

Bitfinex and Tether CFO Giancarlo Devasini – who provided the balance number to Dong – has further stated that it “need[s] a few weeks” to reclaim the $850,000 fund, which is currently in a “frozen” state and in possession of the third-party payments processor Crypto Capital.

“The funds were in several banks in Poland, [the] U.S. and Portugal, so I’m not sure but that’s what I heard.” Devasini further expressed.

Crypto Capital, however, believed the officials in the said countries have confiscated the fund, and both Bitfinex and Tether have conducted fraudulent activities.

Zhao, along with a fellow Bitfinex shareholder Tian Jia, claimed to still have faith in the firm despite the ongoing incidents, as according to him, Bitfinex has undergone much worse frozen, cyber attacks and still made it out alive.