#noticiascripto 🚨🔥The U.S. bankruptcy court allows Celsius to proceed with the lawsuit against Tether for over $4 billion in Bit...

A U.S. bankruptcy court has permitted Celsius Network to continue its case against Tether, the issuer of the USDT stablecoin. The lawsuit dates back to the collapse of the crypto market in 2022, which led to Celsius's bankruptcy.

In its lawsuit, Celsius accused Tether of improperly selling up to 39,500 Bitcoin worth over $4 billion that was held as collateral for Celsius. The firm allegedly sold the BTC after the price crash. However, the crypto lender claimed that the sale violated its agreement with Tether, which required the stablecoin issuer to provide a 10-hour notice before selling any collateral. Celsius has claimed significant losses and will likely seek damages.

Tether had attempted to halt the lawsuit by asking the court to dismiss it, pointing out in its filing that the sale followed due process and that the U.S. court lacked jurisdiction over the matter since the transactions were international. However, the trial judge, Martin Glenn, disagreed and dismissed this filing.