Stablecoin issuer Tether and affiliated cryptocurrency exchange Bitfinex have notched a legal win in the major market manipulation case that has been dragging on for two years.
U.S. District Judge Katherine Polk Failla has dismissed half of the claims against the defendants.
Tether and Bitfinex have indicated that they are not willing to settle with the remaining claims, describing them as “meritless.”
As reported by U.Today, a group of plaintiffs slapped the two controversial companies with a class-action lawsuit, seeking over $1 trillion in damages. They were accused of toying with the cryptocurrency market. Two other cryptocurrency exchanges, Bittrex and Poloniex, were later added to the amended version of the suit.
Bitfinex quickly moved to dismiss the “frivolous” lawsuit during the same month it was filed.
In August 2020, the defendants filed a motion for summary judgment.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
