Celsius argued that in June 2022, Tether "applied Celsius’s Bitcoin against obligations owed to it for an average price of $20,656.88 each—considerably less than Bitcoin’s market closing price on June ...

Tether, the world's largest stablecoin, said that it had been able to liquidate a loan made to Celsius without loss because it had taken Bitcoin worth 130% of the loan's value as collateral.

A New York bankruptcy court has allowed Celsius to proceed with most of its $4 billion lawsuit against Tether. Celsius claims Tether improperly liquidated nearly 40,000 bitcoins in June 2022 ...

In the lawsuit, Celsius alleged that Tether sold over 39,500 Bitcoin in June 2022, using the proceeds to cover Celsius's $812 million debt without following agreed-upon procedures.

Worries over reserves-backed Tether’s exposure to Celsius, as well as continuing concerns about its reserve assets, have seen it lose more than US$5-billion in market cap in the past 30 days.

Tether's USDT stablecoin has dropped below $1 again after Celsius froze its customers' accounts. USDT also lost its dollar peg in May after Terra's algorithmic stablecoin crashed to zero. Analysts ...

Crypto contagion fears spread after Celsius Network freezes withdrawalsBack to video The Celsius move triggered a slide across cryptocurrencies, with their value dropping below $1 trillion on Monday ...

In a blog post on Monday, Tether said that while it has invested in Celsius, its lending activity with the crypto platform has “always been overcollateralized” and has no impact on Tether’s reserves.

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 ...

Tether's USDT stablecoin has dropped below $1 again after Celsius froze its customers' accounts. USDT also lost its dollar peg in May after Terra's algorithmic stablecoin crashed to zero.