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What will be the outcome of the Celsius vs. Tether lawsuit by the end of 2024?
3
Resolution / Starting Odds
Celsius wins • 25%
Tether wins • 25%
Settlement • 25%
Case dismissed • 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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New regulations on stablecoins • 25%
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Tether wins • 25%
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