By Elise Hansen (September 29, 2021, 5:56 PM EDT) — Crypto asset patrons can pursue lots of their claims that the corporate behind cryptocurrency change Bitfinex and the stablecoin tether manipulated the digital asset market and artificially inflated costs, a New York federal court docket discovered Tuesday.
DigFinex Inc. and different cryptocurrency corporations must face a number of claims that they violated antitrust legal guidelines and the Commodity Trade Act by issuing unbacked tether tokens and strategically buying crypto property so as to prop up costs. However the defendants escaped civil RICO claims, in response to Tuesday’s order.
A proposed class of “cryptocommodity” patrons stated they bought property corresponding to bitcoin and ether at…
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