New lawsuit against Bitfinex and Tether for manipulating the crypto market
The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles
Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles
Answer New lawsuit against Bitfinex and Tether for manipulating the crypto market
It seems that Bitfinex and Tether were aware of the lawsuits that would be filed against them and their defense came early even before the lawsuit against them was launched on Sunday, which we will address in this topic.
We previously reported on Tether and Bitfinex’s criticism of the accusations coming against them:
Tether and Bitfinex Criticize Their Lawsuits
As for the new lawsuit, it was filed against ifinex and its affiliated entities, accusing it of deceptive, anti-competitive practices and manipulation of the crypto market, resulting in economic damages to the plaintiffs, according to a lawsuit filed Sunday in New York.
As for the plaintiffs, they gathered and filed a class-action complaint claiming that the damages totaled more than $1 trillion.
Read:Report: SHIB, MATIC, SAND, and FTT Coins Present in Ethereum Whale Wallets
and what came In the lawsuit, the following:
It is premature to calculate the damages at this point, but there is no doubt that the scale of the damage to the defendants is unprecedented.
Their liability to the assumed class is likely to exceed US$1.4 trillion.
The class action lawsuit was filed by:
David Leibovitz, Benjamin Leibovitz, Jason Leibovitz, Aaron Leibovitz, Pinchas Goldstein, Phil Friedman and Kyle Roche.
Among the charges included in the lawsuit against each of “Tether”, “Bitfinex” and “Crypto Capital”.
That cash transactions are derived from illegal activities, running a business involving unauthorized money transfers, and practicing fraud.
The following is also stated in the lawsuit against Bitfinex and Tether:
Share false information about the 1:1 US dollar Tether support
It should be noted that a similar claim was filed by the Office of the Attorney General in New York last April. We have followed up its merits in detail in previous topics on Arab Bitcoin website.
Will the US Department of Justice respond, investigate and scrutinize the allegations and charges against Bitfinex and Tether?
Read:General Motors files for a patent for “blockchain maps”
In any case, the issue will take its time, and things will become clearer with time, and we will provide you with any new details as soon as they happen.
Read also:
Telegram Network (TON) unveils the beta version of its blockchain
Best Cryptocurrency Trading Platforms 2019
And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time