I'm all in on the concept that Tether is a fraud. However, isn't it slightly premature to file a lawsuit over losses? The latest price charts still have tether at $1~=1USDT. If you have Tether and are worried about its liquidity, shouldn't you just sell Tether to someone who wants it in exchange for something else?
Or is there some kind of problem with doing that transaction that I'm not aware of? Maybe some limitation that's not reflected in the price charts?
Edit: I see that this is not actually about Tether's liquidity at all. Instead, the accusation is that Tether was used to pump and dump Bitcoin, and those who suffered damages under this theory are people who bought Bitcoin at the top.
Or is there some kind of problem with doing that transaction that I'm not aware of? Maybe some limitation that's not reflected in the price charts?
Edit: I see that this is not actually about Tether's liquidity at all. Instead, the accusation is that Tether was used to pump and dump Bitcoin, and those who suffered damages under this theory are people who bought Bitcoin at the top.