Stablecoin issuer Tether and cryptocurrency exchange Bitfinex have been caught up in an amended class action lawsuit. Both firms are currently facing allegations bordering on market manipulation.
Recent Tether And Bitfinex Case Comes With 3 Cause Actions
In a recent filing with the United States District Court Southern District of New York, Tether and Bitfinex were accused of market manipulation and violation of antitrust laws. To put it in perspective, the two crypto companies are accused of violating the Commodities Exchange Act (CEA) via market manipulation, monopolization, and agreement in restraint of trade.
The lawsuit was brought upon them by Matthew Script, Benjamin Leibowitz, Jason Leibowitz, Aaron Leibowitz, and Pinchas Goldshtein, who were all named “Plaintiffs” in the suit. The latest filing is a new, slimmed-down second complaint that is part of an ongoing class action lawsuit.
As seen in the filing, Tether and its sister crypto exchange “executed a sophisticated sch
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