COINPURO - Crypto Currency Latest News logo COINPURO - Crypto Currency Latest News logo
Coin Edition 2025-07-02 17:30:00

Celsius Lawsuit Against Tether for $4 Billion in Bitcoin Will Proceed in the US

Federal court allows Celsius $4B lawsuit vs Tether over disputed Bitcoin transactions. Court rejects Tether’s jurisdiction challenge; breach of contract claims proceed. Tether boosts Bitcoin holdings, denies plans for IPO amid ongoing legal battle. A federal court has allowed Celsius Network to continue its $4 billion lawsuit against the stablecoin issuer Tether, a major development in one of the crypto industry’s most high-stakes legal battles. The judge rejected Tether’s attempts to dismiss key parts of the lawsuit , which means Celsius can now pursue allegations that Tether improperly liquidated and seized over 57,000 of its Bitcoins during the market chaos of 2022. What Is at the Heart of the Lawsuit? The core of the dispute is Tether’s sale of 39,542 Bitcoin in June 2022, which Celsius claims was a breach of their contractual agreement. Celsius alleges this sale violated a 10-hour waiting period and was executed at prices well below market value, causing losses that now exceed $100 million. Beyond that, Celsius claims that another 15,600 Bitcoin, posted as extra collateral, were never returned. In total, Celsius argues that Tether’s action… The post Celsius Lawsuit Against Tether for $4 Billion in Bitcoin Will Proceed in the US appeared first on Coin Edition .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.