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In the latest legal action, Celsius filed a lawsuit against Tether to reclaim $2.4 billion over Bitcoin collateral sell-off.

Stablecoin issuer Tether Holdings Ltd. recently announced a partnership with a crypto payments provider to advance blockchain education in South Africa. The collaboration aims to both demonstrate the benefits of stablecoin payments and build trust in digital financial solutions. Building Trust in Digital Financial Solutions Stablecoin issuer Tether Holdings Ltd.

Defunct crypto lender Celsius has filed a lawsuit against Tether, accusing the stablecoin issuer of asset misappropriation. This move comes amidst the recent attempts by the cryptocurrency company, who declared bankruptcy in 2022, to claw back billions of dollars in funds for creditors.

Speed, the company behind the Speed Wallet, has launched USDT-L, the first iteration of Tether, the largest stablecoin on the crypto market, on top of Bitcoin's Lightning Network (LN).

Stablecoin issuer Tether has responded to a $2.4 billion lawsuit initiated by defunct cryptocurrency lending platform Celsius.

The combined supply of USDT and USDC surged by $3 billion as the crypto market bounced back. Find out how this rebound is affecting the crypto market!

Tether has responded strongly to a recent lawsuit from Celsius Network, dismissing it as an attempt to deflect responsibility for its own financial issues.

Bitcoin (BTC), the leading cryptocurrency, continued its bullish trend around the $61,353 mark, reaching an intra-day high of $61,462. Despite negative news about Celsius accusing Tether of “fraudulent” Bitcoin transfers exceeding $2 billion, this upward momentum continued.

Stablecoins might have dictated how the past week played out for crypto holders.

Celsius Network is attempting to recover these funds. Paolo Ardoino, provided a clear account of what happened between them.

It's a tricky time for Bitcoin, but all is not lost just yet for the cryptocurrency.

Celsius Network Limited has decided to take on Tether in court, demanding more than $2 billion worth of Bitcoin. The lawsuit was filed yesterday through the Blockchain Recovery Investment Consortium, LLC, and targets Tether Limited along with several of its affiliates.

Tether (USDT), one of the most popular stablecoins in the crypto world, is facing a big danger. The European MiCA (Markets in Crypto Assets) regulations are making things tough. These new rules could seriously impact Tether's operations in Europe.

The assets in question were evidently given to Tether as collateral.

The assets in question were evidently given to Tether as collateral.

Celsius has targeted crypto's biggest company, alongside several other protocols, in a series of lawsuits that allege a variety of wrongdoing.

Celsius, a bankrupt crypto lender, is pursuing billions of dollars from Tether, the issuer of USDT, the largest stablecoin in the crypto market.

USDT issuer Tether dismisses Celsius's lawsuit with guns blazing, determined to win.

Stablecoin issuer Tether has refused to take the fall for Celsius Network's Bitcoin (BTC) fraud claim. Paolo Ardoino, Tether CEO offered a concise explanation into the situation that transpired between both parties.

Tether's USDT has crossed yet another significant milestone in market capital, surging past the $115 billion mark. This attainment is a proof of the fact that stablecoin gains massive traction in the market, especially under periods of high volatility where users rush for safer crypto assets.

The lawsuit highlights the growing legal tensions in the crypto industry, potentially impacting investor confidence and regulatory scrutiny. The post Celsius sues Tether for $2.4B in Bitcoin, Tether strikes back, calls case a “shakedown” appeared first on Crypto Briefing.

USDT and USDC supplies surge as cryptocurrency market rebounds from recent downturn.

Celsius seeks to recover billions in Bitcoin from USDT issuer Tether.

Tether said no matter the outcome of the lawsuit, no holder of any of the company's tokens will be affected.