NY Bankruptcy Judge Gives Celsius the Green Light to Pursue $4.3B Lawsuit Against Tether

NY Bankruptcy Judge Gives Celsius the Green Light to Pursue $4.3B Lawsuit Against Tether

A New York bankruptcy court has given Celsius the go-ahead to pursue the bulk of its $4 billion lawsuit against stablecoin issuer Tether, according to a recent court filing.The bankrupt crypto lender filed suit against Tether last year, alleging that Tether improperly liquidated nearly 40,000 bitcoins — worth over $4.3 billion at today’s prices — that it was holding as loan collateral in June 2022, shortly before Celsius halted withdrawals. In t…

Judge Greenlights Celsius's $4B Showdown With Tether

Celsius Gets Node To Pursue $4B Lawsuit Against Tether USDT

A U.S. bankruptcy judge has allowed Celsius Network’s $4 billion lawsuit against Tether to proceed, rejecting parts of Tether’s motion to dismiss. The case, filed in the Southern District of New York, centers on Tether’s alleged improper liquidation of 39,542 Bitcoin (BTC) in June 2022, during Celsius’s collapse. Celsius claims Tether violated their lending agreement […] The post Celsius Gets Node To Pursue $4B Lawsuit Against Tether USDT appear…

Judge Allows Celsius’s Lawsuit Against Tether to Proceed

The post Judge Allows Celsius’s Lawsuit Against Tether to Proceed appeared on BitcoinEthereumNews.com. A U.S. bankruptcy judge has ruled that Celsius Network can proceed with its $4.3 billion lawsuit against Tether. The case focuses on claims that the USDT issuer improperly sold nearly 40,000 Bitcoin (BTC) in June 2022. The Judge’s Ruling In court documents filed in New York on Monday, Judge Martin Glenn ruled that some aspects of the multibilli…

Celsius Secures Judge Approval To Pursue $4 Billion Lawsuit Against Tether

A US bankruptcy judge has granted permission for Celsius Network, the bankrupt cryptocurrency lender, to pursue its lawsuit against Tether, the …