Bittrex and Poloniex Move for Summary Judgment in Market Manipulation Case

Attorneys representing cryptocurrency exchanges Bittrex and Poloniex notified Assume Failla of the Southern District of Recent York Friday of their intention to circulate for summary judgment in a category motion case that alleges they, alongside with Tether and Bitfinex, hang been excited about fraud and market manipulation, per court docket filings.

  • The motion seeks summary judgment, saying the plaintiffs can’t “cover the central premise of their claims” that cryptocurrency addresses at area within the swimsuit belong to Bitfinex nor that Bitfinex used to be the utilization of the funds to manipulate the market.
  • “Indubitably, both addresses belong to a particular person and not utilizing a apparent connection to Bitfinex,” the letter explains.
  • Bittrex and Poloniex hang been added to the swimsuit as defendants in June 2020.
  • The swimsuit has been ongoing since October 2019.
  • In a memo concerning the motion, Bitfinex wrote, “Plaintiffs and their attorneys will seemingly poke reduction to the strategy strategy planning stage to dream up modern theories within the slay designed to present them causes to impart monies to which they’ve zero entitlement.”

Change (August 8, 02: 32 UTC):  This article has been up prior to now with a statement from Bitfinex.



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