The plaintiffs in the lawsuit against Tether and Bitfinex have filed a scaled-down version of the complaint in the case to intensify the legal fight against the two crypto firms. The amended lawsuit filed in the Southern District of New York, alleges that both entities manipulated the crypto market.
The allegations portray a coordinated effort to manipulate the market of new digital currencies by issuing unbacked Tether (USDT) tokens.
Additionally, the new complaint is more specific than the previous one. It addresses the issues of market manipulation, monopolization, and restraint of trade, with the latter two being based on the Sherman Antitrust Act violations. This seems to be an attempt to group the various causes of action to make the case against the companies stronger.
New Complaint Filed in Tether Class Action!
Plaintiffs accuse Tether of #bitcoin price manipulation and antitrust violations.
The slimmed-down complaint focuses on three causes of action.
Alleges Tet
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