PANews reported on August 10 that Tether CEO Paolo Ardoino posted on the X platform that in 2022, Tether provided USDt to some customers, including Celsius. If the price of Bitcoin (collateral) falls below the margin call price, then the borrower needs to provide more collateral. If more collateral is not provided, Tether has the right to liquidate the customer's position. In June 2022, when the price of Bitcoin fell, Celsius instructed Tether to sell the Bitcoin it held as collateral. Tether was able to liquidate these Bitcoins and return the excess Bitcoins to Celsius, once again demonstrating the quality of Tether's risk management and liquidity. Now, more than two years later, Celsius has launched an unfounded lawsuit trying to require Tether to return the Bitcoin sold to make up for Celsius's losses. There are many loopholes in Celsius's lawsuit documents, and Tether is very confident in the reliability of contracts and actions. In recent years, Tether has proved its resilience countless times. Bullying has never intimidated Tether, and Tether is very confident in proving the correctness of Celsius's behavior in court.