November 25, 2019 New class-action lawsuit accuses Bitfinex and Tether of market manipulation.

Filed at the Western District of Washington by Eric Young and Adam Kurtz, bitcoin traders who believe they were affected by the artificial prices allegedly brought about by the defendant’s actions, the lawsuits cites a recently updated academic study that claims a single Bitfinex account used USDT to inflate bitcoin’s price. Bitfinex characterized the lawsuit as “mercenary” and “baseless” in a responding blog post.