🚨Tether Pushes Back Against Celsius's Lawsuit 🚀$BTC $USDC $XRP 🌏⤴️🪙

Tether has fired back at Celsius's $2.4 billion lawsuit 💸, labeling it a "baseless" attempt to deflect blame for Celsius's own financial mismanagement 🤦‍♂️. Tether claims Celsius failed to provide additional collateral when Bitcoin's price plummeted 📉, triggering the liquidation of Celsius's Bitcoin collateral 🔓.

Key Points:

- Tether denies any wrongdoing or breach of contract 🙅‍♂️

- Celsius's financial woes stem from its own mismanagement, Tether asserts 🤑

- Tether's CEO, Paolo Ardoino, calls the lawsuit a "shakedown" attempt 🚫

- Tether vows to vigorously defend itself against the allegations 💪

The lawsuit alleges Tether wrongfully liquidated Celsius's Bitcoin collateral, causing significant losses 😱. However, Tether maintains that Celsius's failure to meet its collateral obligations led to the liquidation 📊. The dispute highlights the complexities and risks in the cryptocurrency lending space 🤔. As the legal battle unfolds, the outcome will have significant implications for the industry 🚀.