Poloniex and Bittrex join Tether in asking court to terminate Roche Freedman from class action

Quick Take

  • Kyle Roche, founding partner of Roche Freedman, filed to withdraw from the Tether class action after a series of leaked videos called his relationship to Ava Labs into question.
  • Bitfinex and Tether went a step further, calling for Roche Freedman to be terminated from the case.
  • Now, Poloniex and Bittrex have submitted their own request. 

Counsel representing Bittrex and Poloniex in an ongoing class action lawsuit are the latest to call for law firm Roche Freeman to be thrown off the case.

Bitfinex and Tether recently filed a letter requesting Roche Freedman be terminated from the case following a scandal surrounding its founding partner, Kyle Roche. Now, counsel for Poloniex and Bittrex have piled on, submitting a letter supporting the termination of Roche Freedman.

"Mr. Roche’s recent statements raise serious concerns about the intent behind such discovery and how it will be used," lawyers for Bittrex and Poloniex said in a filing with U.S. District Court for the Southern District of New York. "While the Exchange Defendants appreciate that a protective order has been entered in this matter and that attorneys can be expected to comply with such orders, Mr. Roche’s statements make clear that he has already used confidential materials produced in litigation for improper purposes."

Roche Freedman brought a class action suit against several exchanges in 2020. The traders and trading firms they represented alleged the exchanges colluded with stablecoin issuer Tether to manipulate crypto markets. Bitfinex, Bittrex and Poloniex were among the defendants.

Last week, Kyle Roche submitted a motion to withdraw from the case following a series of leaked videos in which he discussed his relationship to Avalanche blockchain developer Ava Labs. The site that published the videos, Crypto Leaks, alleged Roche lodged various class actions on behalf of the firm. Both Roche and Ava Labs have vigor