AND:Bitfinex Anticipates Meritless and Mercenary Lawsuit Based on Bogus Study_FairyLand Token

Bitfinexisawareofanunpublishedandnon-peerreviewedpaperfalselypositingthatTetherissuancesareresponsibleformanipulatingthecryptocurrencymarket.Bitfinexvigorouslydisputesthefindingsandconclusionsclaimedbythatsource,whichrelyonflawedassumptions,incompleteandcherry-pickeddata,andfaultymethodology.

Wefullyexpectmercenarylawyerstousethisdeeplyflawedpapertosolicitplaintiffsforanopportunisticlawsuit,whichmayhavebeenthetruemotiveofthepaperallalong.Infact,wewouldnotbesurprisedifjustsuchalawsuitwillbefiledimminently.Inadvanceofanyfiling,wewanttomakeclearourpositionthatanyclaimsbasedontheseinsinuationsaremeritless,recklessandashamelessattemptatamoneygrab.Accordingly,Bitfinexwillvigorouslydefenditselfinanysuchaction.

Thesebaselessaccusationsareanattempttounderminethegrowthandsuccessoftheentiredigitaltokencommunity,ofwhichBitfinexandTetherarekeyparts.ItisanattackontheworkanddedicationofnotjustBitfinex'sstakeholders,butthousandsofourcolleagues,too.Foundedin2012,Bitfinexisadigitalassettradingplatformofferingstate-of-the-artservicesfordigitalcurrencytradersandgloballiquidityproviders.Inadditiontoasuiteofadvancedtradingfeaturesandchartingtools,Bitfinexprovidesaccesstopeer-to-peerfinancing,anOTCmarketandmargintradingforawideselectionofdigitalassets.Bitfinex'sstrategyfocusesonprovidingunparalleledsupport,toolsandinnovationforprofessionaltradersandliquidityprovidersaroundtheworld.

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

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