Tether to File Motion to Dismiss Class Action Lawsuit Based on NYAG Claims
The company claims that plaintiffs cannot prove Tether transactions caused bitcoin’s surge or that damages were incurred. Source
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Lawsuit
Crypto Exchange FTX Slapped with $150M Lawsuit; Calls It ‘Bullshit’ by ‘Assholes’
The parent company of the crypto derivatives exchange FTX, Alameda Research, has been slapped with a $150 million lawsuit for market manipulation. The mysterious plaintiff is known as the “Bitcoin Manipulation Abatement LLC,” an entity about which currently there are no details online, either to secure its anonymity or to
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Bittrex Target of Latest $1 Million Crypto SIM Hack Lawsuit
Crypto exchange Bittrex is being sued over a SIM swap that netted criminals 100 bitcoin, currently worth nearly $1 million. The case resembles other recent high-profile heists in which a hacker seizes control of a victim’s cell phone to
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Billion Dollar Bitcoin Lawsuit Continues as Craig Wright Breaks Settlement
In early September, the high-profile court case Kleiman v. Wright looked as though it was coming to an end as the two parties reached a non-binding settlement. Then on October
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Binance Bitcoin Futures ‘Attack’ Sees FTX Exchange Face $150M Lawsuit
Cryptocurrency derivatives exchange FTX has received a $150 million lawsuit for market manipulation and selling unlicensed securities in the United States. Uploaded to social media by End of the Chain podcast host Samuel McCulloch on Nov. 3, sections of the lawsuit document show FTX accused of “attacking” fellow exchange
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CFTC File Lawsuit Against $11M Ponzi-Like Cryptocurrency Scam
The United States Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action against Nevada-based Circle Society.Defendants guaranteed investors 300% returnOn Oct. 16, the CFTC announced that it was charging Circle Society and its owner, David Gilbert Saffron, with “fraudulent solicitation, misappropriation, and registration violations relating
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How Severe Is Roche Freedman’s Lawsuit Against Tether and Bitfinex?
At the start of October, New York-based legal firm Roche Freedman filed a new class-action lawsuit against stablecoin firm Tether and digital currency exchange Bitfinex. The case accuses the aforementioned entities of manipulating the market by using a host of sophisticated schemes that involved fraud, pump-and-dump schemes, as well
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Class Action Lawsuit against Tether and Bitfinex: Manipulated the Crypto Market
The multi-million dollar firm behind the controversial stablecoin known as Tether (USDT) is back in the news again. This time Tether Limited is being accused of being a part of a “fraud,” “pump-and-dump,” and “money laundering” scheme in a new lawsuit.Like a crashing rocket, the crypto community was dealt a
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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 manipulative practices, resulting in economic
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Crypto Giant Bitfinex Vigorously Disputes ‘Meritless and Mercenary’ Lawsuit
Cryptocurrency exchange Bitfinex announced on Saturday, Oct 5, that it expects to be prosecuted by an unknown party in a ‘meritless and mercenary lawsuit’. The Hong Kong-based exchange which has been embroiled in a number of controversies apparently got wind of a damning report and is looking to
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