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Bittrex and Poloniex Filing in Class Action Undermines Plaintiffs’ Claims

Plaintiffs’ second attempt at framing a legitimate complaint is a failure, just like their first. This time the lynchpin of their nonsense claim is that market manipulation was executed through bitcoin addresses owned and controlled by Bitfinex, which plaintiffs then allege were used in concert with Bittrex and Poloniex to execute a fantastical conspiracy. As today’s filing by Bittrex and Poloniex makes clear, this claim cannot be true because the tokens in the addresses used neither belong to nor are controlled by Bitfinex, Bittrex, or Poloniex.

Plaintiffs and their attorneys will doubtless go back to the drawing board to dream up new theories ultimately designed to give them reasons to claim monies to which they have zero entitlement. Bitfinex and Tether will not settle any of the meritless claims plaintiffs continue to manufacture. We remain singularly committed to defending ourselves, our stakeholders, our customers, and the digital token community by fighting these meritless claims with full vigor and support by the one thing the plaintiffs don’t have: the truth.

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