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Tether Calls Market Manipulation Claims “Reckless And False”

Ramsey Baker

Summary: Tether is once again dismissing allegations that it has been utilizing its USDT stablecoin to manipulate Bitcoin’s (BTC) price. According to a report from Cointelegraph on Feb. 28, iFinex, the firm behind Tether, claims that the accusations in the market manipulation lawsuit against the firm are “reckless and false.” A lot of the accusations facing ...

Tether is once again dismissing allegations that it has been utilizing its USDT stablecoin to manipulate Bitcoin’s (BTC) price.

According to a report from Cointelegraph on Feb. 28, iFinex, the firm behind Tether, claims that the accusations in the market manipulation lawsuit against the firm are “reckless and false.”

A lot of the accusations facing Tether are based off the academic paper “Is Bitcoin Really Un-tethered?” by John M. Griffin and Amin Shams. The paper stated that Tether influenced Bitcoin and other cryptocurrency prices during the 2017 boom.

By Ramsey Baker

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