Class action lawsuit against Bitfinex and Tether filed by lawyers who successfully sued Craig Wright

A class action lawsuit was filed today against Bitfinex, Tether and others was filed in the United States District Court in the Southern District of New York, The Block reports. Relying on publicly available documents, plaintiffs describe a “sophisticated scheme that coopted a disruptive innovation — cryptocurrency — and used it to defraud investors, manipulate markets, and conceal illicit proceeds.” The new federal court class action lawsuit alleges over $1.4 trillion in damages suffered by class members.

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