Court Vacates TRO Asset Freeze with respect to Longfin Corp and Venkat Meenavalli

New York, New York, UNITED STATES

New York, April 24, 2018 (GLOBE NEWSWIRE) -- Longfin Corp. (“Longfin” or the “Company”) announced today that on April 23, 2018, Judge Denise L. Cote vacated the Temporary Restraining Order Freezing Assets and Granting Other Relief, which was entered on April 4, with respect to LongFin Corp. and Venkat Meenavalli.  The Securities and Exchange Commission (“SEC”) requested that the Court vacate the order with respect to LongFin and Mr. Meenavalli, which was consistent with the SEC’s position before the Court on Friday, April 20, 2018.

The case SEC v. LongFin et al., 18 Civ. 2977 (DLC), remains pending before Judge Cote.

About Longfin Corp.
Longfin Corp (LFIN) is a US-based, global Fintech company powered by artificial intelligence (AI) and machine learning. The Company, through its wholly-owned subsidiary, Longfin Tradex Pte. Ltd, delivers FX and alternative finance solutions to importers/exporters and SME’s. owned by the company is the only marketplace for smart contracts on the Ethereum blockchain. Ziddu Ethereum ERC20 blockchain Token uses a technology stack in which Smart Contracts run in distributed virtual machines, intended to provide solutions to warehouse / international trade financing, micro-lending, FX OTC derivatives, bullion finance, and structured products. Currently, the company has operations in Singapore, Dubai, New York and India.

IR Contact:
Dragon Gate Investment Partners LLC
Tel: +1(646)-801-2803