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What will be the regulatory outcome following the Celsius vs Tether lawsuit by the end of 2024?
2
Resolution / Starting Odds
New regulations on stablecoins • 25%
Fines imposed on Tether • 25%
No significant regulatory action • 25%
Other • 25%
Official announcements from regulatory bodies and reliable financial news sources
Story
Celsius Sues Tether Over $2.4 Billion Bitcoin Fraud
Aug 10, 2024, 01:10 PM
Celsius Network has filed a lawsuit against Tether, accusing the stablecoin issuer of fraudulent and preferential Bitcoin transfers worth over $2 billion. The lawsuit claims that during the 90 days leading up to Celsius' financial troubles, Tether improperly liquidated Bitcoin, causing significant losses for Celsius. Tether allegedly printed nearly 2 billion tethers out of thin air for the Celsius Ponzi scheme in exchange for over 39,000 bitcoins. In response, Tether has vowed to defend itself against the $2.4 billion lawsuit, dismissing it as a 'shake down'.
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Similar markets
Celsius wins • 25%
Tether wins • 25%
Settlement • 25%
Case dismissed • 25%
Celsius receives full $2.4 billion • 25%
Celsius receives partial amount • 25%
Celsius receives no compensation • 25%
Settlement reached (amount undisclosed) • 25%
No significant action • 25%
Fines imposed • 25%
Operational restrictions • 25%
License revoked • 25%
Yes • 50%
No • 50%
Celsius • 25%
Tether • 25%
Both parties • 25%
Neither party • 25%
Settlement reached • 25%
Tether wins the case • 25%
Plaintiff wins the case • 25%
Case dismissed • 25%
Guilty with penalty • 25%
Guilty without penalty • 25%
Not guilty • 25%
Case dismissed • 25%
No action taken • 25%
Formal investigation announced • 25%
Regulatory fines imposed • 25%
Regulatory changes mandated • 25%
Yes • 50%
No • 50%