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#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
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
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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