Condividi questo articolo
Bittrex and Poloniex Move for Summary Judgment in Market Manipulation Case
Bittrex and Poloniex were added to the class-action lawsuit as defendants in June.
Di Zack Voell
Attorneys representing cryptocurrency exchanges Bittrex and Poloniex notified Judge Katherine Polk Failla of the Southern District of New York Friday of their intention to move for summary judgment in a class-action case that alleges they, along with Tether and Bitfinex, were involved in fraud and market manipulation, according to court filings.
STORY CONTINUES BELOW
Non perderti un'altra storia.Iscriviti alla Newsletter Crypto Daybook Americas oggi. Vedi tutte le newsletter
- The motion seeks summary judgment, saying the plaintiffs cannot "prove the central premise of their claims" that cryptocurrency addresses at issue in the suit belong to Bitfinex nor that Bitfinex was using the funds to manipulate the market.
- "In fact, both addresses belong to an individual with no apparent connection to Bitfinex," the letter explains.
- Bittrex and Poloniex were added to the lawsuit as defendants in June 2020.
- The suit has been ongoing since October 2019.
- In a memo regarding the motion, Bitfinex wrote, "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."
Update (August 8, 02:32 UTC): This article has been updated with a comment from Bitfinex.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin Treads Water Near $90K as Bitfinex Warns of 'Fragile Setup' to Shocks
BTC's relative weakness compared to stocks points to tepid spot demand, making the largest crypto vulnerable to macro volatility, Bitfinex analysts said.
What to know:
- Bitcoin erased very modest overnight gains early Monday and spent the rest of the U.S. session in a tight range around the $90,000 level.
- Rising long bond yields and a small U.S. equities pulling back weighed on risk appetite as traders eye this week's Federal Reserve meeting.
- Bitfinex analysts pointed out bitcoin's relative weakness against U.S. stocks amid modest spot demand and structural softness.
Top Stories
