Another Crypto Lawsuit Over: Tether to Pay Compensation to Celsius in Billion Dollar Bitcoin (BTC) Case!

Bankrupt cryptocurrency lender Celsius filed a lawsuit against USDT issuer Tether in 2024, demanding the return of $2.4 billion worth of Bitcoin at the ￰0￱ dispute between Celsius and Tether stemmed from a 2022 agreement in which Tether provided USDT to Celsius, who sent Bitcoin (BTC) as ￰1￱ accused Tether of selling the collateralized BTC at a low price and before the set limit. Tether, on the other hand, argued that Celsius was trying to shift the blame for its own financial mismanagement onto them by demanding the return of approximately $2.4 billion worth of BTC (the value at the time of the lawsuit), despite the liquidation being carried out at its direction and with its ￰2￱ contentious case ended with a settlement, with Celsius winning $300 million in its lawsuit against ￰3￱ then agreed to pay $299.5 million to the Celsius Network bankruptcy ￰4￱ payment represents about 7% of the $4.3 billion Celsius initially sought and closes one of the final disputes in the company's three-year bankruptcy ￰5￱ CEO Paolo Ardoino confirmed the agreement in a post on X, saying, “Tether is pleased to have reached an agreement on all matters related to the Celsius bankruptcy.” As you may recall, Celsius was one of the companies that went bankrupt in 2022, when many cryptocurrency platforms, from Voyager to 3AC, went bankrupt. *This is not investment ￰6￱ Reading: Another Crypto Lawsuit Over: Tether to Pay Compensation to Celsius in Billion Dollar Bitcoin (BTC) Case!