Monthly Archives: March 2020

Schneider Wallace Appointed Lead Counsel In Massive Bitcoin Manipulation Class Action

A New York federal judge has appointed SWCK and its co-counsel interim lead counsel in a bitcoin market manipulation case against Bitfinex and Tether alleging hundreds of billions in damages. As reported in Law360, U.S. District Judge Katherine Failla picked the Schneider Wallace team from two other sets of legal teams vying for lead plaintiff appointment in the putative class action accusing Tether, the issuer of a “stablecoin” cryptocurrency of the same name, and cryptocurrency exchange Bitfinex of engaging in a “part-fraud, part-pump-and-dump, and part-money laundering” scheme that eventually cost cryptocurrency investors hundreds of billions of dollars.