Bittrex and Poloniex have asked the court to move for summary judgment in the case of alleged assistance to Tether and Bitfinex in market manipulation.
According to Bittrex and Poloniex lawyers, the allegations are based on “manifestly false facts” and the plaintiffs are unable to present convincing evidence.
In this regard, both exchanges are asking for expedited proceedings and are ready to provide evidence in their defense.
Bitfinex commented on Bittrex and Poloniex’s petition and the claim itself:
“This time the lynchpin of their nonsense claim is that market manipulation was executed through bitcoin addresses owned and controlled by Bitfinex, which plaintiffs then allege were used in concert with Bittrex and Poloniex to execute a fantastical conspiracy. “
Representatives of the platform argue that the allegations are false, since “the tokens in the addresses used neither belong to nor are controlled by Bitfinex, Bittrex, or Poloniex.”
“Plaintiffs and their attorneys will doubtless go back to the drawing board to dream up new theories ultimately designed to give them reasons to claim monies to which they have zero entitlement,” Bitfinex said.
Recall that a lawsuit was filed against Tether and Bitfinex in 2019, accusing them of money laundering, Pump & Dump schemes, market manipulation by issuing USDT, and deliberate deception of investors.
In June 2020, plaintiffs accused Bittrex and Poloniex of aiding alleged fraudulent schemes, creating the illusion of fresh liquidity flowing into the market through multiple orders to buy BTC.