Celsius vs. Tether: A High-Stakes Legal Battle Unfolds
Celsius is suing Tether for allegedly mishandling Bitcoin collateral, seeking around $3.5 billion. The lawsuit is contested by Tether, which claims Celsius directed the liquidation.
![image Cheng Yuan](https://image.coinlive.com/24x24/cryptotwits-static/d72925aa1ab0dd6c7c2d9d35f3cce279.png)
Celsius is suing Tether for allegedly mishandling Bitcoin collateral, seeking around $3.5 billion. The lawsuit is contested by Tether, which claims Celsius directed the liquidation.
Celsius Network executes $24.5M Ethereum transfer to Coinbase at $3,022 per ETH, signaling financial recovery strategy. Largest withdrawal in three months amid efforts to restore reputation post-market crash. Transfer aligns with commitment to meet obligations and rebuild trust.
Celsius announced Wednesday that it has selected Novawulf Digital Management, a digital asset investment firm, to help bring its high-profile bankruptcy case to a close.
Digital assets deposited in Celsius Network’s Earn program belong to the bankrupt company’s estate and not individual users.
USDT stablecoin issuer Tether has denied any connection between its investment in Celsius and its reserves or stability.
Celsius just paid 20 million USDC to Aave, continuing to reduce debt on the decentralized finance (DeFi) lending protocol.
Crypto lender Celsius Network, one of the biggest in the world, has filed for Chapter 11 bankruptcy protection, joining a ...
KeyFi Inc.’s complaint alleges that Celsius failed to honor a multi-million dollar profit sharing agreement after deploying numerous successful staking and DeFi strategies for the firm.
Current downtrends in crypto prices have forced many digital asset service providers to reduce their staff to survive in a ...
Some Twitter users called it "insulting" that Celsius was still paying out weekly rewards despite suspending withdrawals.