Bitfinex responded to another class-action lawsuit by saying it would not settle and would dismiss the suit

On November 22, Bitfinex received another class action lawsuit against Bitfinex and Tether from the U.S. district court for the western district of Washington, Bitfinex said in a statement. But the suit has the same flaws as the October 6 class action, and the plaintiffs' claims have no basis, and Bitfinex strongly opposes using fake research as a supporting argument. To be clear, there will be no settlement of any kind in respect of this lawsuit, but rather a vigorous debate on all the claims made in both cases and, ultimately, a full assessment of the legal liability of the claimant bringing the suit and action taken at the appropriate time.

BlockBeats learned that as early as October, Bitfinex and Tether had received a class-action lawsuit alleging that they defrauded investors, manipulated the market and hid illegal earnings through Tether, according to public filings. Bitfinex and Tether were ordered to pay up to $1.4 trillion.


Silver block rhythm BlockBeats reminded, according to the circ and other five departments issued in August 2018 on the guard against in the name of the "virtual currency" "block chain" illegal fund-raising risk warning "file, please the public rationality block chain, don't blindly believe in reduction commitment, set up correct concept of money and investment philosophy, effectively raise the risk consciousness; To the illegal crime clue that discovers, can report to concerned branch actively reflect.

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