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FTX, Alameda, Deltec Bank & Scheme Cash in Tether Lawsuit
The lawsuit against Tether, the company behind the USDT stablecoin, has taken a new turn, as FTX, Alameda Research, and Deltec Bank have been accused of a “sophisticated scheme” to cash in on the stablecoin.
According to the lawsuit, the three companies worked together to manipulate the cryptocurrency market and profit from the issuance of USDT. The lawsuit alleges that the companies used USDT to inflate the price of Bitcoin and other cryptocurrencies, allowing them to make significant profits.
The lawsuit also claims that Tether was aware of the scheme and actively participated in it. The plaintiffs are seeking damages for the alleged market manipulation and are calling for the defendants to be held accountable for their actions.
Tether has denied the allegations, stating that they are “completely baseless and without any merit.” The company has vowed to defend itself against the lawsuit and has expressed confidence in the legal system to vindicate its position.
The outcome of the lawsuit could have significant implications for the cryptocurrency market, as it could potentially lead to increased regulation and oversight of stablecoins and their issuers. It remains to be seen how the case will unfold and what impact it will have on the industry.
19 лютого 2024
