ING:Bitfinex Responds to Mercenary and Baseless Class Action Complaint in Washington State_THE

OnNovember22,withoutnoticetous,aclassactioncomplaintwasfiledagainstBitfinexandTetherintheU.S.DistrictCourtfortheWesternDistrictofWashington.ThiscopycatlawsuitsuffersfromthesamemultitudeofdeficienciesastheunsoundcomplaintfiledintheU.S.DistrictCourtfortheSouthernDistrictofNewYorkonOctober6.ThePlaintiffs'claimsherearesimilarlywithoutmerit,andBitfinexstronglyconteststhebogusresearchpurportingtosupportthem.

Aswepredictedlastmonth,mercenarylawyerscontinuetotrytouseBitfinexandTethertoobtainapayday.Tobeclear,therewillbenonuisancesettlementsorsettlementsofanykindreached.Instead,allclaimsraisedacrossbothactionswillbevigorouslycontestedandultimatelydisposedofinduecourse.Oncetheyare,BitfinexandTetherwillfullyevaluatetheirlegaloptionsagainstthosebringingandpromotingthebaselessclaims.

Theseabsurdandgroundlessaccusationsareanattackonthegrowth,successandinnovationoftheentiredigitaltokenecosystem,inwhichBitfinexisproudtoplayacriticalrole.MeritlesslawsuitsliketheseareacontinuingaffronttotheeffortsanddedicationofBitfinex'scustomersandallparticipantsinthedigitalcurrencyecosystem.Ourfightisthecommunity'sfight.

Foundedin2012,Bitfinexisadigitalassettradingplatformofferingstate-of-the-artservicesfordigitalcurrencytradersandgloballiquidityproviders.Inadditiontoasuiteofadvancedtradingfeaturesandchartingtools,Bitfinexprovidesaccesstopeer-to-peerfinancing,anOTCmarketandmargintradingforawideselectionofdigitalassets.Bitfinex'sstrategyfocusesonprovidingunparalleledsupport,toolsandinnovationforprofessionaltradersandliquidityprovidersaroundtheworld.

BitfinexanditsaffiliateshaveneverusedTethertokensorissuancestomanipulatethecryptocurrencymarketortokenpricing.AllTethertokensarefullybackedbyreservesandareissuedandtradedonBitfinexpursuanttomarketdemand,andnotforthepurposeofcontrollingthepricingofcryptoassets.ItisirresponsibletosuggestthatTetherorBitfinexenableillicitactivityduetotheefficiency,liquidityandwide-scaleapplicabilityofTether'sproductswithinthecryptocurrencyeconomy.

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