#USDT Slams Celsius Lawsuit as a "Shakedown" 💥👊

Tether is firing back at Celsius. 🔥The bankrupt crypto lender has recently filed a lawsuit against the stablecoin issuer, claiming damages of around $2.4 billion. 👀

Tether strongly denies these allegations, calling the lawsuit a "baseless" attempt to shift blame for Celsius's own mismanagement. 🥀 According to Tether, the two companies had a clear agreement where Celsius posted bitcoin as collateral for a $815 million USDT loan. 🤔 When the price of $BTC dropped, Celsius failed to add more collateral, leading to the liquidation of the #Bitcoin . 💦💩

Tether emphasizes its strong financial position, stating that even if the lawsuit were to succeed (which they doubt), it wouldn't impact Tether token holders. 💪

This legal battle is shaping up to be a long and contentious one.

What do you think about this legal showdown?

Let us know your thoughts in the comments. DYOR! #Stablecoins #BTC