Bitfinex Is Under New Legal Attack With Another Lawsuit Filed

The controversy around the Bitfinex exchange and Tether (USDT) continues today. As the latest Tether cryptocurrency news show, Bitfinex is under new legal attack as another “copycat” class action lawsuit was recently filed against it with the US District Court for the Western District of Washington.

An official statement shows that “mercenary” lawyers are the ones which continue to attack Bitfinex and Tether – they have filed a class-action lawsuit against the company with the US District Court for the Western District of Washington.

The announcement did not really shed some light about the lawsuit itself – it revealed that the new claim is similar like the ones submitted at the beginning of October. While Bitfinex is under new legal attack as another lawsuit is filed, both Bitfinex and Tether were the subjects of a study which claimed that Tether issuances are responsible for manipulating the cryptocurrency market.

Right now, the company affirmatively denies any possible involvements or faults on Bitfinex’s side. In fact, the response goes further and hints that they might take legal actions against these so-called “mercenary lawyers.” The statement also suggests that this is an attack on the entire crypto community, detailing the following:

“[…] All claims raised across both actions will be vigorously contested and ultimately disposed of in due course. Once they are, Bitfinex and Tether will fully evaluate their legal option against those bringing and promoting baseless claims[…] These absurd and groundless accusations are an attack on the growth, success, and innovation of the entire digital token ecosystem, in which Bitfinex is proud to play a critical role[…] Our fight is the community’s fight.”

As Bitfinex is under new legal attack, both the exchange and Tether (USDT) defend their ground. The latest cryptocurrencies news show that they are both operated under one umbrella – the company called iFinex – and have been in a lot of controversial stories in the past.

Meanwhile, market manipulation is another thing which Bitfinex was accused of in the past. However, both Bitfinex and Tether denied all accusations so far, stating that they were “written in bad faith” and that the case is yet to see a final resolution.