Tether And Bitfinex Ask Roche’s Entire Law Firms To Quit Lawsuits

Tether and Bitfinex, displeased with Roche Freedman’s withdrawal, have filed a request for Roche’s entire law firm to withdraw from the lawsuit and destroy any documents collected during the discovery phase of the case.

As updated in an earlier Coincu News article, on August 31, Roche Freedman, a lawyer involved in several scandals with Ava Labs, filed to withdraw from ambitious class-action lawsuits involving Tether, Bitfinex , Tron Foundation and BitMex.

The reason for this withdrawal comes from the whistleblower website Crypto Leaks which published a series of damning videos, accusing the lawyers of weaponizing class-action lawsuits to collect sensitive information about cryptocurrency companies.

The site also alleges Roche’s lawsuits intentionally attacked competitors of blockchain project Avalanche, from which Roche is said to have received tokens and has previously represented in legal matters.

Though both Roche and Avalanche founder Emin Gün Sirer have denied those allegations. However, the act of withdrawing from the lawsuits of this lawyer further increases the authenticity of the whistleblower website.

On September 1, Tether and Bitfinex filed a request for Roche’s entire law firm to withdraw from the lawsuit and confirm that they had returned or destroyed all documents issued by the respondent and had not shared them with any third party, including Ava Labs.

The lawyer has also stressed the need for the documents to be repressed, “as they include not only confidential, competitively sensitive information about Defendants’ businesses but also information that, if disclosed, would threaten the privacy and security of Defendants and their customers.”

The class action lawsuit initiated in 2019 alleged that Tether and Bitfinex manipulated the crypto market by issuing unbacked Tether (USDT) “in an effort to signal to the market that there was enormous, organic demand for crypto commodities.” 

The relevant lawsuits involve Nexo Capital, BAM Trading (which operates as Binance.US), Dfinity, and Solana Labs. Roche also withdrew from a class-action lawsuit against several universities.

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