Member
-
Crypto Traders’ Lawsuit Claims Bitfinex, Tether Cost Market Over $1 Trillion
A new lawsuit claims crypto exchange Bitfinex and its sister company Tether manipulated the crypto market, harming traders and benefiting themselves. Bitfinex and a number of affiliated entities engaged in deceptive, anti-competitive and market-manipulating practices, resulting in economic damages for the plaintiffs, according to a lawsuit filed Sunday in New York. Notably, the plaintiffs, who seek class-action status, claim that the total damages add up to more than $1 trillion, writing: “Calculating damages at this stage is premature, but there is little doubt that the scale of harm wrought by the Defendants is ... (full story)