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Tether: Judge dismisses class action lawsuit against Tether and Bitfinex, plaintiffs drop appeal

Tether announced that the Chief Judge of the Federal District Court in the Southern District of New York rejected Shawn Dolifka's class action lawsuit against Tether and Bitfinex, and Dolifka decided not to appeal. The judge ultimately ruled in favor of Tether and Bitfinex, dismissing the lawsuit. In the statement, Tether stated that Dolifka's decision to waive his right to appeal was the correct decision, as his claims had no basis, and further litigation would not bring any economic or other benefits to him or his lawyers. Tether emphasized that they will never become victims of shameless litigation extortion.

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