Currently facing multiple lawsuits, cryptocurrency stablecoin issuer Tether (USDT) received a request from prosecutors asking for consolidation, combining three lawsuits into i, which Tether has not denied.

"We did not oppose the plaintiffs' requests to combine these frivolous claims, originally filed, respectively, in October in New York, in November in Washington and in January in New York," reads a Tether statement shared with Cointelegraph via email on Jan. 17, 2022.

Multiple lawsuits

Various parties have suspected Tether, alongside related commutation Bitfinex, of foul play numerous times over their years in existence.

One of the about contempo ordeals on the subject purports that Tether and Bitfinex allegedly caused Bitcoin's bull run of 2022 by carrying out illegal activities.

As a result, three lawsuits against Tether surfaced, which now may be combined into a single prosecution.

Request for consolidation

Legal counsel for the lawsuits — Leibowitz, Young and Faubus — filed a letter with the presiding judge on Jan. 16 requesting a merger of the 3 disputes.

The letter of the alphabet included that the mentioned lawsuits overlap in multiple areas, sharing similarities which may permit for consolidation.

Tether's argument to Cointelegraph noted an additional claim awaiting: "A fourth grade activity was likewise filed in New York yesterday, which we expect will be consolidated with the previous three deportment," the argument read, earlier dismissing the lot: "None of these cases present meritorious claims."

Comments on legitimacy

Additionally, Tether claimed that the prosecutors' inquiry is wrong, explaining:

"That research deploys preselected data to retrofit a desired narrative and demonstrates a patent misunderstanding of the cryptocurrency marketplace and the demand that drives purchases of Tether."

"Tether will go along to defend the digital token ecosystem and the many contributions of the cryptocurrency community, and will not now or in the hereafter pay whatsoever corporeality to settle plaintiffs' claims," the statement continued. "Tether and its affiliates accept never used Tether tokens or issuances to manipulate the cryptocurrency market or token pricing."

Suspicions against Tether are long-standing, however, equally the company has headlined numerous manufactures about its allegedly questionable fiat backing over the by several years.