Finance
Print
Tether and Bitfinex Win Comprehensive Legal Victory as U.S. District Court Dismisses Class Action Lawsuit

Today, Chief Judge Laura Taylor Swain of the U.S. District Court for the Southern District
Of New York issued a comprehensive and incisive 6-page decision that included an order dismissing the meritless class action lawsuit filed by Matthew Anderson and Shawn Dolifka against Tether and Bitfinex companies in its entirety. The Court correctly held that plaintiffs’ complaint lacked any “plausible allegations of injury” because it includes no facts showing that “USDT had a diminished actual value at all.”

The entirety of the class action complaint being dismissed at this very early stage of the
proceedings punctuate the fact that plaintiffs’ claims were void of any legal merit.

Be assured, we at Tether and Bitfinex remain laser focused on continuing to deliver on
our promises and ensure our customers and our community are protected.

latest news

Tether Issues $20B in USD₮ YTD, Becomes One of Largest U.S. Debt Holders with $127B in Treasuries, Net Profit ~$4.9B in Q2 2025 Attestation Report

Tether International, S.A. de C.V. (TI) today published its Q2 2025 attestation, completed by BDO, a top-five global independent accounting firm. The report confirms the accuracy of Tether’s Financial figures and Reserves Report (FFRR) and provides a transparent, detailed view of the assets backing USD₮ as of June 30, 2025. Q2 2025 marked a new […]

Learn more
Tether Gold Grows with More Than 7.66 Tons of Gold Backing XAU₮ as of Q2 2025, Confirming Continued Strength in Tokenized Gold

24 July 2025 — As of 30 June 2025, Tether Gold (XAU₮) remains the leading gold-backed digital token in the market, combining the enduring trust of physical gold with the efficiency of blockchain technology. With 246,524.330 XAU₮ tokens in circulation, each backed 1:1 by fine troy ounces of physical gold, Tether Gold continues to offer […]

Learn more
Tether Acknowledged by U.S. Authorities for Freezing $1.6M Connected to Terrorism Financing

24 July 2025 – Tether, the largest company in the digital assets industry, announced today that it has assisted U.S. authorities in freezing and reissuing approximately $1.6 million in USDT connected to wallets linked to Buy Cash Money and Money Transfer Company (BuyCash), a Gaza-based financial network tied to terrorist financing operations. The action is […]

Learn more
Read all news