USDT Issuer Tether to Battle Celsius' $3.3 Billion 'Shakedown' Litigation

The case issues a mortgage settlement between Celsius and Tether that allowed Celsius to borrow stablecoins “to function sure essential facets of its enterprise,” in keeping with the lawsuit. Within the submitting, Celsius alleges that when the market crashed in mid-2022, within the “ninety-day interval prior” to Celsius’ chapter submitting, Tether insulated itself from the upcoming chapter by making “preferential and fraudulent transfers” of bitcoin.

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USDT Issuer Tether to Battle Celsius’ $3.3 Billion ‘Shakedown’ Litigation

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