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What will be the financial outcome for Celsius in the lawsuit against Tether by the end of 2024?
3
Resolution / Starting Odds
Celsius receives full $2.4 billion • 25%
Celsius receives partial amount • 25%
Celsius receives no compensation • 25%
Settlement reached (amount undisclosed) • 25%
Court ruling or official court documents
Story
Celsius Sues Tether for $2.4 Billion Over Fraudulent Transfer of 39,000+ Bitcoins
Aug 10, 2024, 03:14 PM
Celsius Network has filed a lawsuit against Tether, accusing the stablecoin issuer of fraudulent and preferential Bitcoin transfers totaling $2.4 billion. The lawsuit, filed in the U.S. Bankruptcy Court, claims that Tether improperly liquidated over 39,000 bitcoins of collateral held by Celsius in 2022. Celsius alleges that Tether seized the Bitcoin through fraudulent transfers, demanding collateral and liquidating it at bargain prices. Tether has dismissed the lawsuit as a 'shake down' and pledged to defend itself against the accusations.
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Celsius wins • 25%
Tether wins • 25%
Settlement • 25%
Case dismissed • 25%
New regulations on stablecoins • 25%
Fines imposed on Tether • 25%
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Settlement reached • 25%
Tether wins the case • 25%
Plaintiff wins the case • 25%
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Full repayment • 25%
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