Several lawsuits were dropped against OneCoin too. A dropped case is not acquittal but this is often how it is presented. Particularly in crypto.
Meat__StickGold | QC: KIN 38, CC 23, GPUMining 16 | MiningSub2 weeks ago
Time for round 2 boys
amoebanomalyPlatinum | QC: ETH 120, CC 42 | LINK 12 | TraderSu2 weeks ago
the tether fud feels so real when it flares up, like the whole market is going to tank 90% if/when they are exposed...then time goes by and people forget and it seems like tether is completely legit. maybe it is.
rekkkttttPlatinum | QC: CC 147, BTC 22 | EOS 91 week ago
There are viable alternatives to tether now which are growing in popularity a fair bit. I think that's an important step towards mitigating fallout from tether's eventual implosion.
Seems like tether was a perfectly rational idea based on what we knew was occuring with their banking partners. It's not like they just came up with the idea out of nowhere. Finex is a free money printing machine anyway. That would be really greedy. Good job human beings are never greedy I guess.
This was arguably the minor lawsuit, a class action suit initiated by two incompetents who lost money trading and thought it would pay off by suing them. It was really just a few clowns organizing a bogus class action.
The real test will be the NYAG lawsuit. I'm confident it will get ultimately kicked out, but may take some time.
To not be misleading it should be noted that it was later clarified that it was only withdrawn to refile in a different jurisdiction. Although I can't see how it holds any merit, the end of 2017 was nuts and exchanges couldn't even process the influx of new registrations. Seems like some guys maybe bought the top and want somebody else to blame.