Cryptocurrency exchanges Bittrex and Poloniex have asked the court to consider a simplified case about their alleged assistance to Tether and Bitfinex in manipulating the market.
According to lawyers for Bittrex and Poloniex, the charges are based "on clearly false facts" and the plaintiffs cannot produce convincing evidence.

In this regard, both exchanges are asking for accelerated legal proceedings and are ready to provide evidence in their defense.

Bitfinex commented on the bittrex and Poloniex petition and the lawsuit itself:

"This time, the main thesis of the senseless accusation was that market manipulation was carried out through addresses belonging to Bitfinex, which, according to the plaintiffs, were then used together with Bittrex and Poloniex to carry out some fantastic conspiracy."
Representatives of the platform claim that the charges are false, since " the tokens at the specified addresses do not belong to Bitfinex, Bittrex or Poloniex and are not controlled by Them."

"Plaintiffs will undoubtedly continue to invent new theories to give them grounds to claim money to which they are not entitled," Bitfinex said.

Recall that Tether and Bitfinex filed a lawsuit in 2019, accusing them of money laundering, Pump & Dump schemes, market manipulation by issuing USDT and deliberate deception of investors.

In June 2020, the plaintiffs accused the bittrex and Poloniex exchanges of facilitating alleged fraudulent schemes by creating the illusion of fresh liquidity flowing into the market through multiple orders to buy BTC.