$1.4 Trillion Class Action Suit Against Bitfinex & Tether

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David Leibowitz,  Jason Leibowitz, Benjamin Leibowitz, Aaron Leibowitz, and Pinchas Goldshtein filed a class-action lawsuit against Tether and Bitfinex claiming that the exchange and  Tether USDT  manipulated markets resulting in damages to the tune of $1.4 trillion on 10/06/19.

iFinex Tether’s and Bitfinex’s parent firm filed  motion for dismissal 09/03/20.

Tether and Bitfinex have rejected the lawsuit against them as “baseless” and have called for the dismissal of the case.

 

New York Attorney General grants deadline extension for iFinex Inc 12/9/2020

In a Show of Good Faith Tether Drops off 2.5 million Pages of Documentation with the NY Attorney General.

 

Tether Fear Uncertainty & Doubt (F.U.D)

This is a CIVIL SUIT not an SEC of CFTC action against Tether USDT which is a Hong Kong, based company, that is not traded on US exchanges and not held by US customers.

Tether has over 2300 trading pairs across hundreds of exchanges and is a tiny 2.7% of the global crypto market cap $735.41 B (at the date of this writing), not just the BTC market cap.

The memes are AWESOME and hilarious however Tether’s tiny 2.7% is not what is behind the price of BTC.

Hand’s down our favorite Tether BTC meme.  Kudos to the artist 😂😂😂 .

Another great Tether FUD meme spotted in the wild😂.

If Tether disappeared today which we believe it will not because it is very useful and traders love it, provable by one look at its average trade volume of  6,136,270.83 (Nov-Today)  it would only take with it its $21Billion dollar market cap (at the date of this writing).

If you are a Tether hater there are plenty of  Stable Tokens out there to use. Traders who do not have fiat off-ramps MUST have some sort of stable coin while TRADING which is different from HODL’ing.

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