đšTether Pushes Back Against Celsius's Lawsuit đ$BTC $USDC $XRP đ‎ïžđȘ
Tether has fired back at Celsius's $2.4 billion lawsuit đž, labeling it a "baseless" attempt to deflect blame for Celsius's own financial mismanagement đ€Šââïž. Tether claims Celsius failed to provide additional collateral when Bitcoin's price plummeted đ, triggering the liquidation of Celsius's Bitcoin collateral đ.
Key Points:
- Tether denies any wrongdoing or breach of contract đ ââïž
- Celsius's financial woes stem from its own mismanagement, Tether asserts đ€
- Tether's CEO, Paolo Ardoino, calls the lawsuit a "shakedown" attempt đ«
- Tether vows to vigorously defend itself against the allegations đȘ
The lawsuit alleges Tether wrongfully liquidated Celsius's Bitcoin collateral, causing significant losses đ±. However, Tether maintains that Celsius's failure to meet its collateral obligations led to the liquidation đ. The dispute highlights the complexities and risks in the cryptocurrency lending space đ€. As the legal battle unfolds, the outcome will have significant implications for the industry đ.
