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News Explorer — Tether Labels Celsius Network's Lawsuit a "Shakedown," Prepares for Legal Showdown

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Aug 12, 2:53 am
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Tether Labels Celsius Network's Lawsuit a "Shakedown," Prepares for Legal Showdown

Tether Limited has responded to a lawsuit from Celsius Network, calling it a "shakedown" and vowing to vigorously defend itself in court. The suit seeks to recover $2.4 billion in Bitcoin that Celsius claims was improperly liquidated by Tether. Tether maintains that it acted within the terms of an agreement and liquidated the Bitcoin at Celsius' direction and with Celsius' consent.

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