⚖️ Tether in the hot seat? The Celsius case moves forward.
A US judge has rejected Tether’s request to dismiss, letting a multi-billion dollar lawsuit proceed.
But what's at stake here isn't just money — it's trust.
• Celsius claims Tether dumped 39,500 BTC in 2022 at around $20,656 per coin — below market price
• The so-called "fire sale"? Today that’s worth over $4 billion
• Celsius says Tether didn’t wait the required 10-hour period, and rushed to liquidate the BTC, transferring funds to Bitfinex (Tether’s closely tied exchange)
🚫 The US court denied Tether’s motion to kill the case.
The judge ruled that the alleged contract breach and preferential transfers are strong enough to move forward.
📍 More importantly:
Even though Tether is incorporated in the British Virgin Islands, the judge agreed the case has sufficient ties to the US to remain under its jurisdiction.
💥 Why does this matter to the market?
• Tether now faces real legal pressure — with reputational risk in the spotlight
• Institutional players may reconsider USDT exposure if the case intensifies
• In crypto, doubt spreads fast — and any crack in Tether’s armor could trigger shockwaves
🪙 Reminder:
Tether is the largest stablecoin issuer on the planet, playing a core role in liquidity and trading pairs.
If trust in USDT falters — the domino effect could be brutal.
☑️ Celsius is out of bankruptcy, but still fighting
☑️ Tether avoids IPO talks, staying behind closed doors
⚠️ Legal case moving forward — precedent may be forming
What was once “old drama” is now new legal risk.
This story is back on the radar — and smart money is paying attention.
#TetherUpdate #Celsius #Bitcoin #CryptoLaw #Write2Earn #NarrativeWatch #MarketPulse
