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Which party will incur legal costs in the Celsius vs. Tether lawsuit by the end of 2024?
3
Resolution / Starting Odds
Celsius • 25%
Tether • 25%
Both parties • 25%
Neither party • 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%
No significant regulatory action • 25%
Other • 25%
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Settlement reached • 25%
Tether wins the case • 25%
Plaintiff wins the case • 25%
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No • 50%
Market cap increases • 25%
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Market cap decreases by 10-20% • 25%
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No significant action • 25%
Fines imposed • 25%
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Full repayment • 25%
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Settlement reached • 25%