online resources

Bitfinex Files Motion to Dismiss Allegations for Bitcoin Manipulation, Cites Lack of Proof

iFinex – the parent company of crypto exchange Bitfinex – along with Tether has filed a motion dismissing allegations of Bitcoin market manipulation. Crypto exchange Bitfinex faces accusations of Bitcoin manipulation using the USD-backed Tether (USDT) stablecoin. In the lawsuit, the plaintiff Bitfinex pumped billions-of-dollars worth USDT in the crypto market, without actually backing with the U.S. Dollar. Last October 2019, the plaintiff accused Bitfinex of anti-competitive and deceptive behavior in the Class Action Complaint (CAC). This complaint notes that such manipulation by Bitfinex led to crypto market valuations surging over $800 billion in late 2017. Debunking all these claims,…

Continue Reading Bitfinex Files Motion to Dismiss Allegations for Bitcoin Manipulation, Cites Lack of Proof

Bitfinex Scoffs at Tether Market Manipulation Lawsuit: Bittrex and Poloniex File for Summary Judgment

Bitfinex says the second attempt by plaintiffs to frame the bitcoin manipulation complaint will fail just like the first attempt. The Bitfinex comments follow a notice by Bittrex and Poloniex disputing claims that they knew about the alleged market manipulation by Bitfinex. In June, the plaintiffs namely, Matthew Script, Benjamin Leibowitz, Jason Leibowitz, Aaron Leibowitz and Pinchas Goldshtein filed to add Bittrex and Poloniex to the lawsuit. Plaintiffs argued that Bittrex and Poloniex are complicit in Bitfinex and the Tether issuer’s alleged grand scheme to launder and circulate billions of unbacked USDT stablecoins. However, in a new twist to the…

Continue Reading Bitfinex Scoffs at Tether Market Manipulation Lawsuit: Bittrex and Poloniex File for Summary Judgment

End of content

No more pages to load