A U.S. judge has denied Tether's motion for partial dismissal, allowing Celsius Network's multibillion-dollar lawsuit against Tether to proceed. Celsius alleges that Tether improperly liquidated some 39,500 of its Bitcoin collateral in June 2022, violating procedures set forth in the parties' lending agreement. This liquidation cost Celsius more than $4 billion...
Although Tether argued that the U.S. courts lacked jurisdiction, the judge held that Celsius' claims of breach of contract, fraudulent transfer, and priority could proceed.
US judge allows Celsius' $4 billion bitcoin liquidation case against Tether to proceed
2025-07-02 08:15:03
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