TechFlow reports that on March 7, according to an opinion issued by a New York federal judge, investors in the market manipulation lawsuit against Tether and Bitfinex have been granted class-action status, and the case has been divided into two plaintiff groups: spot-market investors and futures traders. The lawsuit alleges that Tether and Bitfinex manipulated cryptocurrency prices between 2017 and 2019 by issuing USDT, causing spot purchasers of BTC and ETH to incur losses amounting to tens of billions of dollars.
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