Celsius sues Tether seeking $3.5B over Bitcoin collateral selloff – Cointelegraph

Celsius, a cryptocurrency lending platform, has filed a lawsuit against Tether, a stablecoin issuer, seeking $3.5 billion in damages. The lawsuit alleges that Tether conducted a selloff of Bitcoin collateral without Celsius’ consent. Celsius claims that this action violated their agreement and caused significant financial harm. The legal battle between the two companies highlights the complexities and risks involved in the cryptocurrency industry.

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