Crypto Live News

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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The judge’s decision to dismiss a frivolous class action lawsuit against Tether and Bitfinex has been finalized, as the plaintiff, Shawn Dolifka, chose not to appeal. Judge Laura Taylor Swain denied Dolifka’s motion to amend his complaint, which claimed that Tether’s stablecoin was not backed by reserves. The lawsuit was deemed entirely meritless, and further litigation would not have benefited Dolifka or his lawyers financially or otherwise. Tether and Bitfinex have consistently rejected such baseless litigation attempts.

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