A brand new lawsuit alleges that cryptocurrency exchange Bitfinex and its sister company Tether manipulated the digital currency market. According to a lawsuit filed in New York over the weekend, Bitfinex and Tether “engaged in unfair, deceptive, untrue or misleading acts” by failing to disclose that Tether was not backed 1:1 to by the US dollar. Other defendants named in the suit include Digfinex (the majority owner of Bitfinex and Tether)and its current executives, payment processor Crypto Capital, and Bitfinex’s former chief strategy officer Phil Potter, who reportedly left the company in January last year. “The ... (full story)