Celsius Sues Tether for $3.5B Over Bitcoin Collateral

Celsius Sues Tether for $3.5B Over Bitcoin Collateral

Celsius, the bankrupt cryptocurrency exchange, has initiated legal action against Tether, accusing the stablecoin issuer of misappropriating assets and seeking restitution totaling approximately $3.5 billion. The lawsuit centers on Bitcoin collateral provided by Celsius to Tether, which was liquidated amid falling cryptocurrency prices. Allegations and Legal Claims The core of the dispute involves a specific transaction where Tether loaned...

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