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A U.S. bankruptcy judge has ruled that Celsius Network can proceed with its $4.3 billion lawsuit against Tether. The case revolves around allegations that Tether improperly sold 40,000 BTC in 2022, causing massive losses. The judge dismissed some claims but found merit in others, setting the stage for a high-stakes legal battle.
- Judge ruled Celsius can pursue its $4.3B lawsuit against Tether over alleged improper BTC liquidation.
- Tether sold 39,500 BTC as collateral without a 10-hour grace period, breaching agreements, per Celsius.
- Case dismissed some claims, including jurisdictional issues, but upheld core arguments on collateral mismanagement.
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