PANews reported on March 7 that, according to an opinion issued by a New York federal judge, investors in the market manipulation lawsuit against Tether and Bitfinex have been granted class-action status and the case has been divided into two groups of plaintiffs: spot investors and futures traders. The case reportedly accuses Tether and Bitfinex of manipulating cryptocurrency market prices by issuing USDT between 2017 and 2019, causing investors who bought BTC and ETH to lose hundreds of billions of dollars.
A New York judge has granted a class-action lawsuit filed by Tether and Bitfinex, potentially resulting in losses of hundreds of billions of dollars for investors.
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Author: PA一线
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