RATE Group | Tether Claims to Be Okay With Merger of Class-Action Lawsuits Against It
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Tether Claims to Be Okay With Merger of Class-Action Lawsuits Against It

18 Jan Tether Claims to Be Okay With Merger of Class-Action Lawsuits Against It

Posted at 03:20h in Cryptocurrency News by

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Currently facing multiple lawsuits, cryptocurrency stablecoin issuer Tether (USDT) received a request from prosecutors asking for consolidation, combining three lawsuits into one, which Tether has not denied.

“We did not oppose the plaintiffs’ requests to combine these frivolous claims, originally filed, respectively, in October in New York, in November in Washington and in January in New York,” reads a Tether statement shared with Cointelegraph via email on Jan. 17, 2020.

Multiple lawsuits

Various parties have suspected Tether, alongside related exchange Bitfinex, of foul play numerous times over their years in existence.

One of the most recent ordeals on the subject purports that Tether and Bitfinex allegedly caused Bitcoin’s bull run of 2017 by carrying out illegal activities.

As a result, three lawsuits against Tether surfaced, which now may be combined into a single prosecution.

Request for consolidation

Legal counsel for the lawsuits — Leibowitz, Young and Faubus —…

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