Celsius Pursues $4.3 Billion Lawsuit Against Tether Over Bitcoin Liquidation
Jul 3, 2025 (2 days ago)
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A significant legal battle unfolds as Celsius sues Tether for improperly liquidating 40,000 bitcoins, alleging breach of contract and seeking $4.3 billion in damages.
Celsius vs. Tether Lawsuit Details
- Celsius has been granted permission to pursue a $4.3 billion lawsuit against Tether, alleging improper liquidation of 40,000 bitcoins held as collateral1
- The judge ruled that Tether's actions, benefiting only themselves, were insufficiently authorized, allowing Celsius to amend and continue the case1
Implications for the Cryptocurrency Market
- The lawsuit raises concerns about the stability of stablecoins and the security of assets in the crypto market, potentially affecting investor confidence1
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