Four lawsuits against Bitfinex have been consolidated into one case, with plaintiffs now seeking legal counsel for their complaints. The total claims against Bitfinex are still above $1 trillion.
Lawsuit Against Bitfinex Seeks the Best Legal Counsel
Bitfinex, the exchange operated by the iFinex company and affiliated with Tether, Inc., has been accused of deliberately swaying market prices. During the bull run of 2017, Bitfinex was an immensely influential exchange, which made use of the USDT stablecoin, allegedly pumping the price with manufactured liquidity and possibly faked orders.
The complaints, which match this view, have been consolidated in a case presented before the US District Court of the Southern District of New York. Cryptocurrency investor David Leibowitz is leading the consolidated lawsuit, recently filing a motion…
Click to continue reading on its source location…