Celsius Receives the Greenlight To Sue Tether for $4 Billion

A US bankruptcy court ruled that Celsius’ lawsuit against Tether can continue. Celsius alleged that the USDT stablecoin issuer violated their contract to liquidate Bitcoin worth $4 billion as it became insolvent. Some Celsius creditors hope that the discovery process will uncover why Tether disposed of these assets so quickly. However, it’s unclear how the firm would use the money if it wins, as it has already repaid most of its creditors source: https://beincrypto.com/celsius-tether-lawsuit-judge-gives-greenlight/