Cointelegraph Features Perry’s Expertise in Article on Roche Freedman’s Lawsuit Against Tether and Bitfinex
Cointelegraph asked Braden Perry’s opinion on the legalities of the lawsuit, in newest article. Roche Freedman’s New York based legal firm filed a class-action lawsuit against stablecoin firm Tether, and digital currency exchange Bitfinex in early October. The lawsuit states that Tether’s claim of all it’s Tether tokens being backed by even amounts of US dollars is an untrue statement.
“They investigated allegations that in 2018 insider traders may have used Tether’s stablecoin, USDT, to buy and sell bitcoin at opportune times based on insider information, thus illegally moving cryptocurrency prices. Furthermore, there are allegations that the USDT is not backed 1:1 by the US Dollar but now are not backed by $1 each. These lawsuits typically follow regulatory actions, and it is not surprising that a class action was brought.”-Perry, a litigation, regulatory and government investigations attorney at Kansas City-based Kennyhertz Perry, LLC.
To read the article in full: https://cointelegraph.com/news/how-severe-is-roche-freedmans-lawsuit-against-tether-and-bitfinex
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