Bitfinex and Tether have denied all allegations featured in an amended class motion lawsuit filed towards their mother or father firm, iFinex Inc,
Bitfinex and Tether have denied all allegations featured in an amended class motion lawsuit filed towards their mother or father firm, iFinex Inc, in line with a weblog submit printed as we speak by Bitfinex.
The up to date lawsuit, filed on June three within the Southern District of New York, accuses Bitfinex, Tether, Poloniex and affiliated companies of allegedly manipulating the crypto market. The preliminary lawsuit was filed in October 2019.
Addressing the “baseless” lawsuit, Bitfinex Basic Counsel Stuart Hoegner mentioned:
“Even after taking three full months to amend their criticism, the plaintiffs’ allegations stay untethered to both the info or the regulation. They conflate perceived correlation with causation in an effort to prop up theories which might be unfaithful and unsupportable.”