Tether in the dock? The Celsius case progresses.
đ§ââïž U.S. court rejects Tether's request and allows billion-dollar lawsuit to proceed.
But whatâs at stake here is not just money â itâs trust.
âą Celsius accuses Tether of liquidating 39,500 BTC in 2022 (~$20,656 each, below market) without following the terms of the contract.
âą Total value of the "fire sale"? Today it would be equivalent to over $4 billion.
âą According to Celsius, Tether sold too quickly, without waiting for the legal period of 10 hours, and transferred the funds to Bitfinex (a company directly linked to Tether).
âïž The U.S. court denied part of Tether's request to dismiss the case.
They stated that the indications of breach of contract and âpreferentialâ movements are strong enough to continue investigating.
đ And more:
The judge understood that, despite Tether being incorporated in the British Virgin Islands, the case has sufficient connection to the U.S. to proceed in U.S. jurisdiction.
đ„ What does this mean for the market?
âą Tether under real legal pressure â and with reputational risk on the radar
âą Institutional investors may reconsider exposure to USDT if the case escalates
âą Any doubt about Tether's integrity becomes a spark in a powder keg
đȘ Reminder: Tether is the largest stablecoin issuer in the world, playing a central role in liquidity and trading pairs.
If the market loses confidence in Tether, the domino effect is heavy.
âïž Screen summary
âïž Celsius out of bankruptcy, but looking in the rearview mirror
âïž Tether continues to avoid IPO and maintaining a closed stance
â ïž Legal case advances and could set a precedent for the sector
Hereâs the signal: what was called âold dramaâ is now new legal risk.
The narrative is back on the radar â and the market needs to look with more than curiosity.
$USDT
$BTC #TetherUpdate #Celsius #Bitcoin #CryptoLaw #Write2Earn #NarrativaEmAlta
