Cryptocurrency exchange Celsius has filed a lawsuit against Tether, accusing them of misappropriating assets and demanding around $3.5 billion in Bitcoin returns, damages, and legal costs. The lawsuit states that Celsius borrowed USDT from Tether during bankruptcy proceedings and provided BTC as collateral. When Bitcoin's price fell, Celsius was asked for more collateral to avoid liquidation, but Tether allegedly sold the BTC without allowing additional collateral. Tether refutes the claims, calling them baseless and a 'shake down.' They assert that Celsius requested the selloff after failing to provide more collateral. Despite the legal battle, Tether reassures USDT holders that they will not be affected. Celsius is reportedly seeking to void three transfers totaling 57,428.64 BTC, amounting to approximately $3.48 billion, along with $100 million in damages and legal fees. Read more AI-generated news on: https://app.chaingpt.org/news