Bitfinex and Tether face class action lawsuit in Washington
This is the second demand faced by both platforms for alleged fraudulent activity and market manipulation
Bitfinex and its subsidiary Tether were charged for the second time since October before the United States District Court in Washington. The crimes for which they are accused are fraudulent activity and market manipulation.
According to an official statement, the crypto ecosystem platforms have defended themselves by pointing out that it is “a mercenary and unfounded legal burden.” Meanwhile, the copycat class action lawsuit continues.
Bitfinex was blamed in the past for another controversial case prior to the October lawsuit by the New York Attorney General’s office for the alleged charge of embezzlement of Tether’s funds “to cover up losses of USD $ 850 million.”
The company denied the accusations at that time and claimed to have been the victim of a scam committed by Crypto Capital, the “clandestine market service that worked with the exchange.” It is important to note that this case remains open before the Prosecutor.
For their part, the researchers have suggested that the subsidiary Tether “used the issuance of its cryptocurrency to manipulate the price of bitcoin in 2017, when the currency reached prices close to USD $ 20,000 per unit.
M.Pino
Source: DiarioBitcoin
