News list for " short version"

In a class action lawsuit against Tether and Bitfinex, the plaintiffs filed a new lite complaint alleging that the crypto firms manipulated cryptocurrency prices and violated the Antimonopoly Act by pushing the stablecoin USDT, which is not fully backed by the U.S. dollar, into the market. This is the third complaint in the case, overseen by U.S. District Judge Katherine Polk Failla. The complaint alleges that Tether and Bitfinex created the illusion of increased demand, prompting transactions u...

2024-07-15 22:24:03