Bitfinex and Tether Ready to Face Offenders Over Market Manipulation

Libra Coin News
Sun, 10/06/2019 - 08:27
Denis Sinyavskiy
Tether and Bitfinex said they are ready to dispute any non-peer reviewed facts, accusing companies of manipulating the cryptocurrency market.
Cover image via U.Today

On October 5, an announcement appeared on the Tether and Bitfinex websites that said companies were ready for litigation regarding the manipulation of the cryptocurrency market.

Only truth and nothing but truth

The text says that companies are aware of unpublished materials that accuse Tezer of manipulating the crypto market by issuing new coins. It is said that all conclusions and conclusions will be challenged, due to their basis on erroneous assumptions, incomplete and carefully selected data and incorrect methodology.

 

The announcement itself says:

“These baseless accusations are an attempt to undermine the growth and success of the entire digital token community, of which Tether is a key part. It is an attack on the work and dedication of not just Tether’s stakeholders, but thousands of our colleagues, too.”

Crystal clear

At the end of the announcement, it says that Tether tokens have never been used to manipulate the cryptocurrency market, they are also protected by real assets and are issued according to market demand. Communication with any illegal activity is unacceptable for Tether and Bitfinex.

About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.