TETHER FACES MULTI-MILLION LAWSUIT!

Tether is in a pretty big legal mess. It turns out that Celsius, a lender, is suing them for the staggering sum of 4 billion dollars. From what I understood, Celsius accuses them of illegally liquidating about 39,500 Bitcoins that they had as collateral. Apparently, Tether missed a 10-hour deadline that was stipulated in the contract before selling those BTC, and today they would be worth about 4.3 billion dollars!

The strongest part is that a judge in New York has already given the green light to Celsius to proceed with the lawsuit, although Tether claims that everything is unfounded. I think this case is going to be key because it could set an important precedent on how the U.S. justice system will handle things with cryptocurrency companies. Meanwhile, Celsius continues to make its payments.