Bitfinex and Tether have replied to the allegation that they manipulate the market.
Bitfinex and Tether have declared that they know nothing about the allegations stated in a lawsuit against iFinex, their parent company. Their denial of the allegations was made known on Bitfinex’s blog post of June 4.
This is not the first time the lawsuit was filed. The June 3 lawsuit is a follow up of that which was filed on October 2019. The companies involved are Bitfinex, Poloniex, Tether and companies affiliated to them.
Stuart Hoegner of Bitfinex classified the lawsuit this time as “baseless.” He said:
“Even after taking three full months to amend their complaint, the plaintiffs’ allegations remain untethered to either the facts or the law. They conflate perceived correlation with causation in an effort to prop up theories that are untrue and unsupportable.”