{"id":27054,"date":"2020-08-10T11:03:09","date_gmt":"2020-08-10T08:03:09","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=27054"},"modified":"2025-08-26T18:30:31","modified_gmt":"2025-08-26T15:30:31","slug":"bittrex-and-poloniex-call-market-manipulation-allegations-baseless","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bittrex-and-poloniex-call-market-manipulation-allegations-baseless\/","title":{"rendered":"Bittrex and Poloniex call market-manipulation allegations baseless"},"content":{"rendered":"<p>The cryptocurrency exchanges Bittrex and Poloniex have asked the court to hear the case in a streamlined, expedited fashion regarding their alleged involvement with Tether and Bitfinex in market manipulation. <!--more--><\/p>\n<p style=\"margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block;\"><a style=\"text-decoration: underline;\" title=\"View gov.uscourts.nysd.524076.135.0.pdf on Scribd\" href=\"https:\/\/www.scribd.com\/document\/471958604\/gov-uscourts.nysd.524076-135-0-pdf#from_embed\">gov.uscourts.nysd.524076.13\u2026<\/a> by <a style=\"text-decoration: underline;\" title=\"View ForkLog's profile on Scribd\" href=\"https:\/\/www.scribd.com\/user\/456422024\/ForkLog#from_embed\">ForkLog<\/a> on Scribd<\/p>\n<p><iframe loading=\"lazy\" class=\"scribd_iframe_embed\" title=\"gov.uscourts.nysd.524076.135.0.pdf\" src=\"https:\/\/www.scribd.com\/embeds\/471958604\/content?start_page=1&#038;view_mode=scroll&#038;access_key=key-nV7aTyD030NG5KQgVdwh\" width=\"100%\" height=\"600\" frameborder=\"0\" scrolling=\"no\" data-auto-height=\"true\" data-aspect-ratio=\"0.7729220222793488\"><\/iframe><\/p>\n<p>According to the lawyers for Bittrex and Poloniex, the allegations rely on \u201cclearly false facts\u201d and the plaintiffs cannot present convincing evidence.<\/p>\n<p>As a result, both exchanges request expedited proceedings and are prepared to provide evidence in their defence.<\/p>\n<p><span style=\"font-weight: 400;\">Bitfinex <\/span><a href=\"https:\/\/www.bitfinex.com\/posts\/496\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">commented<\/span><\/a><span style=\"font-weight: 400;\"> on the motion by Bittrex and Poloniex and the suit:<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cThis time, the main thesis of the baseless accusation was that market manipulation was carried out through Bitfinex-owned addresses, which, according to the plaintiffs, were then used together with Bittrex and Poloniex to carry out some fantastical conspiracy.\u201d<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">The plaintiffs will no doubt continue to conjure up new theories to give themselves grounds to claim money to which they have no right,\u201d Bitfinex said.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Earlier, in 2019, a suit was filed against Tether and Bitfinex accusing them of money laundering, pump-and-dump schemes, market manipulation via the issuance of USDT, and deliberate deception of investors.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In June 2020, the plaintiffs accused Bittrex and Poloniex of aiding fraudulent schemes. It is alleged that the exchanges created an illusion of inflows of fresh liquidity into the market through multiple buy orders for BTC.<\/span><\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency exchanges Bittrex and Poloniex have asked the court to hear the case in a streamlined fashion regarding their alleged involvement with Tether and Bitfinex in market manipulation.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[95,720,1162,253],"class_list":["post-27054","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitfinex","tag-bittrex","tag-court-cases","tag-poloniex"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27054","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=27054"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27054\/revisions"}],"predecessor-version":[{"id":27055,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27054\/revisions\/27055"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=27054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=27054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=27054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}