Tether and Bitfinex Face Class Action Over Alleged Bitcoin and Ethereum Price Manipulation

The post Tether and Bitfinex Face Class Action Over Alleged Bitcoin and Ethereum Price Manipulation appeared first on Coinpedia Fintech News

On 6 March 2026, the U.S. federal court allowed the Tether, Bitfinex Crypto Case to move forward as a class action. However, the investor’s case claims that both companies manipulated Bitcoin and Ethereum prices during the 2017 crypto boom using newly issued USDT tokens.

A federal judge in New York approved class action status in an ongoing lawsuit against Tether and Bitfinex. The decision made by U.S. District Court Judge Katherine Polk Failla allowed thousands of investors to join the lawsuit instead of filing individual claims.

The judge divided the plaintiffs into two groups to manage the case more efficiently. One group represents investors who bought cryptocurrencies directly in the spot market, while the second group includes traders who used futures contracts.

Tether. The largest financial fraud in history.

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