Re: Tether's market cap is huge! (usdt)

Lawsuits are pending

Do you have any sources for this? I remember I read about it a little while ago but I forgot where it was. I wonder when will they place the bomb. I guess they wait for crypto to moon even higher before they act.

I too read the article somewhere. But this is what I camp up with: https://www.courtlistener.com/recap/gov.uscourts.nysd.524076/gov.uscourts.nysd.524076.154.0.pdf

That sounds pretty serious:

Quote

Plaintiffs adequately allege price manipulation and market manipulation (as well as aiding
and abetting and principal-agent claims) by detailing how Defendants coordinated to carefully time
purchases of crypto-commodities, using unbacked USDT, to create the illusion of price “floors.”

Pretty much sums up what people were worrying about.