Crypto complaint alleges 'largest bubble in human history'

A class action lawsuit against the operators of Tether and the Bitfinex exchange was filed last week (October 6) with the United States District Court for the Southern District of New York. The lawsuit claims the defendants managed a ‘sophisticated scheme that co-opted a disruptive innovation — cryptocurrency — and used it to defraud investors, manipulate markets and conceal illicit proceeds’. The complaint follows the recent launch by Hong Kong-based iFinex Financial T