Law360 (November 6, 2020, 6:12 PM EST) — Investors accusing Tether, Bitfinex and several others of a “far-reaching conspiracy” to manipulate the market for cryptocurrencies are asking a New York federal judge to reject recent bids to nix their $1.4 trillion antitrust suit.
The proposed class filed its opposition on Thursday to dismissal motions from both crypto companies as well as embattled former NFL investor Reginald Fowler, who is accused of participating in a scheme to flood the Bitfinex exchange with billions of tether tokens and control the movements of cryptocurrency prices.
The defendants motioned for dismissal in September, calling the allegations “ridiculous” and arguing that the investors lack…
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