The operators of the cryptocurrency exchange Bitfinex and the stablecoin Tether have notified users that they were hit with another class action lawsuit in U.S. courts over market manipulation allegations that the companies are trying to frame as mercenary and baseless.
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Tether Operators Face New Complaint in US
Bitfinex has informed users that a class action complaint was filed against the exchange and Tether in the U.S. District Court for the Western District of Washington on November 22, 2019. They say that the claims against them are without merit, and they strongly contest the “bogus research” that is used to support them. The two companies also call it a “copycat lawsuit” to the one filed against them in the U.S. District Court for the Southern District of New York on October 6, 2019. As we reported at the time, that first suit accused them of creating the “largest bubble in human history,” and with causing well over a trillion dollars in…