Celsius Network

Highlights: A court has given the green light to Celsius to pursue breach of contract and fraud claims against the stablecoin issuer. Celsius contends that Tether sold Bitcoin too early, causing billions in losses and violating loan agreement terms. The […]

Paolo Ardoino, the CEO of Tether, broke silence over the ongoing lawsuit that Celsius, a bankrupt lending protocol, filed against the stablecoin issuer company. According to the lawsuit, Celsius claims to seek $2.4 billion from the stablecoin issuer as compensation […]

Highlights: Celsius sues Tether for breaching contract terms through “Preferential Application Transfer,” causing substantial financial losses. The lawsuit claims Tether’s hasty liquidation of 39,542.42 BTC was commercially unreasonable and violated market practices. Celsius seeks to reclaim over $2 billion in […]