Crypto Traders’ Lawsuit Claims Bitfinex, Tether Cost Market Over $1 Trillion
Bitfinex and sister company Tether caused more than $1 trillion in damages to the crypto market, a new lawsuit claims.
Tether says its USDT stablecoin is "fully backed by reserves," after reporting in April its token was only 74% backed.
The crypto exchange will soon offer futures contract trading for a number of crypto pairs including BTC, ETH, BCH and XRP.
The company claims that plaintiffs cannot prove Tether transactions caused bitcoin’s surge or that damages were incurred.
Binance’s futures exchange is raising leverage to 125x with the launch of BTC/USDT contracts today.
A New York judge has rejected the state attorney general's request to have Bitfinex and Tether compile documents during an ongoing appeal.