Celsius sues Tether for $3.5 billion
Odaily2024/08/11 03:28
By:Odaily
Odaily News Celsius filed a lawsuit against
Tether, accusing it of improper use of assets and claiming approximately $3.5 billion, including
Bitcoin return, damages and legal fees. Celsius claimed that during the bankruptcy proceedings, Tether had loaned it USDT stablecoins and used 39,542.42 BTC as collateral. After the price of Bitcoin fell, Celsius was asked to provide more collateral to avoid liquidation. Celsius believes that Tether liquidated BTC without giving it the opportunity to replenish collateral. Tether responded that the lawsuit was unfounded and extortion, and promised to defend itself vigorously. (Cointelegraph)
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
FED Balance Sheet Down $17B In 30 Days, Is This The Bitcoin Trigger?
CryptoNewsNet•2025/05/09 17:00
US Cryptocurrency Friendly GENIUS Bill Rejected! US Treasury Secretary Made a Statement!
CryptoNewsNet•2025/05/09 17:00
FTX Exec’s Wife Accuses Prosecutors of Misleading Husband in Guilty Plea Deal
Kriptoworld•2025/05/09 16:11
100% Win rate: Unlock Your Share of 25,000 USDT Instantly from Mystery Box Mega Airdrop!
Bitget Announcement•2025/05/09 15:30
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$102,929.3
+1.49%
Ethereum
ETH
$2,320.23
+13.32%
Tether USDt
USDT
$0.9998
-0.03%
XRP
XRP
$2.34
+4.35%
BNB
BNB
$634.33
+2.20%
Solana
SOL
$170.76
+6.87%
USDC
USDC
$0.9999
-0.01%
Dogecoin
DOGE
$0.2039
+7.08%
Cardano
ADA
$0.7802
+6.87%
TRON
TRX
$0.2612
+2.16%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now